What happens to accounts when someone dies?
If you're wondering: what happens to accounts when someone dies? The short answer is that unless you tell companies that someone has died, their accounts will continue to run. If there are benefits from the government, or interest on savings then you risk breaking the law by failing to inform companies about the death. Companies should be informed within 10 days, when someone dies. You need to contact all the organisations that this person had an account with, as soon as possible. Tell them about the death and stop the accounts or transfer them. You will also need the [...]