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What happens to your bank account when you die?

kanon · 22 · 4863

kanon

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Sabi kasi ng tyahin ko may kakilala sila na namatay and then ang pera sa bangko  di na daw nakuha ng mga kamag anak, ganun ba talaga? parang unfair naman ata.

Ayaw k din kasi ipasok sa mf or uitf ang lahat ng pera ko, gusto ko kasi may pera ako in case na may gusto ako biglang bilhin na investment o kaya ay yung para sa emergency fund ko. Ano po masasabi nyo?

Thanks


mxherr5

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Reply #1 on: Sep 05, 2013, 02:34 AM
technically, kailangan bayaran muna ng heirs ang estate taxes, kung meron man
tas pwede nang makuha yung pera pa.

Tungkol sa 2nd statement mo sir, dapat lang tlaga may emergency fund ka at
hindi lahat nka invest.


crazyivan

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Reply #2 on: Sep 05, 2013, 09:37 AM
Sabi kasi ng tyahin ko may kakilala sila na namatay and then ang pera sa bangko  di na daw nakuha ng mga kamag anak, ganun ba talaga? parang unfair naman ata.

Tama makuha pa rin ng mga relatives pero yon nga they have to pay I think 35% estate tax.  That's is why for married people dapat joint account para pg mawala yong isa the other one can withdraw the money.


Usman

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Reply #3 on: Sep 05, 2013, 09:39 AM
Pwede but it has to be deducted some amount for estate tax. We've been through this recently.


edspecks2004

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Reply #4 on: Sep 10, 2013, 04:52 AM
Consider to get a life insurance, baka yun po ang fit sa situation nyo...


robertdexter

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Reply #5 on: Sep 14, 2013, 07:30 PM
May be they can close the account or they get turns into pension account. I don’t know exactly what happen to the account after the death.


nytrisco

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Reply #6 on: Oct 20, 2013, 10:40 AM
On my mother's case when she died, my father asked the bank kung paano and medyo komplikado like may babayaran pa and magsubmit pa ng death cert, etc so the fastest way kung with ATM card ung account is to withdraw everything sa ATM kung alam nyo ung PIN. Yun yung binigay na solution ng banko sa amin since alam ng father ko ung PIN ng mom ko.


ferrariEverest

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Reply #7 on: Oct 20, 2013, 11:59 AM
Sir nytrisco,
Aling bangko po nag-suggest nyan?

Ang magiging isyu na lang jan ay yung daily withdrawal limit.


newbie_buboy

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Reply #8 on: Oct 20, 2013, 02:38 PM
moral of the lesson ay dapat wag kayo magopen ng "secret bank account" na hindi pinapaalam kay kumander, tapos dapat lahat ng account ay may atm at ipaalam sa asawa ang pin. para walang kumplikasyon sa pag withdraw. hehe


ikaela

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Reply #9 on: Oct 20, 2013, 08:34 PM
Yun yung binigay na solution ng banko sa amin since alam ng father ko ung PIN ng mom ko.

Bait naman ng banko na yan.

Another solution is to enroll your accounts to your bank's online facility, and in case of death, your trustee can just transfer all the money to his or her own account with a click of a button. No paperwork, legalities, or ATM withdrawal limits to worry about.


yllor

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Reply #10 on: Oct 21, 2013, 10:49 AM
legally, frozen yung bank account dapat..

kaya hwag ka mamamatay habang may pera sa bangko... :hihi:


RFMarine

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Reply #11 on: Oct 21, 2013, 11:13 AM
tingin ko ang situation na di makuha ang pera is if ayaw magbayad ng estate tax, the bank is either stupid and ignorant of the law or holding out for lagay, walang death cert or di nila ma prove na relative nila ang may ari ng pera


mxherr5

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Reply #12 on: Oct 21, 2013, 12:40 PM
This articles says you're wrong sir:

http://globalnation.inquirer.net/cebudailynews/enterprise/view/20110331-328497/Finance-chief-to-go-after-heirs-avoiding-payment-of-20-estate-tax

If I ask banks thru email or on a recorded line, they always answer that as per policy, the estate taxes has to be paid.

Pero, if off the record, isang wink wink, no problemo sir hehe


lady_g

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Reply #13 on: Oct 21, 2013, 03:27 PM
Dapat naman banks should turn a blind eye on this and let the spouse withdraw the money, savings = piggy bank, estate tax = pork barrel  :bahalaka:


noobydooby

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Reply #14 on: Oct 21, 2013, 04:33 PM
when i open bank accounts, laging meron beneficiary sa account forms.  i always put my daughter's name.  i always assumed she will get the money, after payment of taxes, if i die. 


 


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