On many occasions, the fact of thinking about making a will is a bit difficult for us and we leave it for later. But without him, what would happen to our bank accounts at the time of death? Would the bank keep my money, would the account be blocked, will my family members be able to access it? Here we will answer three great doubts that usually occur:
1) What happens to the money in the event of the death of the bank account holder.
The Bank as an entity will never keep the money since it will be delivered to the heirs.
2) Conditions for the heir to have the money in the bank account.
Once the bank knows of the death, it will block all your accounts, although many consider it more useful to hide this fact in order to continue using the account without any impediment.
The legal thing is that the bank is notified of the death and the account is blocked, so that the heir has the money he will need to follow the following steps:
• a) You must deliver the documents that prove his status as heir.
• b) Once we have demonstrated our right to inherit the account, we must prove the right to award assets through the documents specifying the partition of these and the signature of all the heirs.
• c) Finally, you must deliver the document that proves that the taxes derived from the operation have been paid to make the delivery of the inheritance possible.
3) Deadlines to claim the inheritance and what happens if no one claims the assets.
As we all know, many people die without having made a will, so if this person had any property (in this case a bank account), their possible heirs may not be aware of this and the inheritance is lost along the way. There is a legal way to avoid this, with the assistance of an attorney.
If the inheritance is not claimed in the thirty years that there is usually a term, it would be directed to the relatives of the deceased person up to the fourth degree of proximity (widow, children, parents, brothers and nephews).
Finally, if this person does not have any family member or heir who claims the inheritance, it would pass into the possession of the State or the Autonomous Community in which the deceased resided.