How to handle the bank account after someone dies

After someone dies, do not rush out to close their bank account right away. As the person, winding up their affairs, it will make your life much easier. Many financial transactions are auto deposited into a bank account and it will be easier if the account is open to receive these funds. In addition, some companies will want a refund for monies given and will debit (take back) the money automatically, making your job easier. You WILL need to notify the bank by bringing in an original death … [Read more...]