What Happens To Money In The Bank Account Belonging To A Dead Man? - Nairaland / General - Nairaland
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| What Happens To Money In The Bank Account Belonging To A Dead Man? by Aiholi(m): 12:18pm On Nov 07, 2016 |
I'm just wondering what happens. Does the bank pay the family members, use it for charity, or share it among themselves? |
| Re: What Happens To Money In The Bank Account Belonging To A Dead Man? by JeffreyJamez(m): 12:21pm On Nov 07, 2016 |
Ever heard of the phrase "Next of Kin"?  1 Like |
| Re: What Happens To Money In The Bank Account Belonging To A Dead Man? by somez(m): 12:27pm On Nov 07, 2016 |
If the next of kins name is in the letter of administration, then is easy to transfer ownership of account. |
| Re: What Happens To Money In The Bank Account Belonging To A Dead Man? by Aiholi(m): 12:33pm On Nov 07, 2016 |
somez: Imagine being in a situation without a next of kin?... |
| Re: What Happens To Money In The Bank Account Belonging To A Dead Man? by Creamish(f): 1:21pm On Nov 07, 2016 |
Aiholi: U cannot open an account without the details of ur next of kin provided. |
| Re: What Happens To Money In The Bank Account Belonging To A Dead Man? by Aiholi(m): 1:26pm On Nov 07, 2016 |
Creamish: Imagine they all got dead or something |
| Re: What Happens To Money In The Bank Account Belonging To A Dead Man? by Creamish(f): 1:28pm On Nov 07, 2016 |
Aiholi: ....and all their bloodline vanished... |
| Re: What Happens To Money In The Bank Account Belonging To A Dead Man? by Aiholi(m): 1:31pm On Nov 07, 2016 |
Creamish: Yes.... Imagine a scenario where no one is in sight... |
| Re: What Happens To Money In The Bank Account Belonging To A Dead Man? by Creamish(f): 1:56pm On Nov 07, 2016 |
Aiholi: ..before or after rapture? 1 Like |
| Re: What Happens To Money In The Bank Account Belonging To A Dead Man? by Aiholi(m): 1:58pm On Nov 07, 2016 |
Creamish:  |
| Re: What Happens To Money In The Bank Account Belonging To A Dead Man? by Creamish(f): 2:00pm On Nov 07, 2016 |
| Re: What Happens To Money In The Bank Account Belonging To A Dead Man? by Aiholi(m): 2:04pm On Nov 07, 2016 |
1 Like |
| Re: What Happens To Money In The Bank Account Belonging To A Dead Man? by Creamish(f): 3:08pm On Nov 07, 2016 |
| Re: What Happens To Money In The Bank Account Belonging To A Dead Man? by Aiholi(m): 4:06pm On Nov 07, 2016 |
Creamish: |
| Re: What Happens To Money In The Bank Account Belonging To A Dead Man? by jeyselassie(m): 5:22pm On Nov 07, 2016 |
Creamish:no he doesnt. true how bout if u are in a strange country nd u die with a lot of funds in ur account and no next of kins in sight take over? |
| Re: What Happens To Money In The Bank Account Belonging To A Dead Man? by Creamish(f): 8:58pm On Nov 07, 2016 |
jeyselassie: I don't know what the policy of banks abroad is in relation to this...but like I said before, no account is opened without the details of the next of kin. The next of kin has a next of kin/family too... U have the Probate Court... Take ur issue there. They will decide who the bank remits the funds to (Estate of the deceased). |
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