RealCool.BIZ Forum Index
 
Log in: Username: Password:
Search forums for:
  
The time now is 10/06/08 - 21:21

What happens to your savings if you die?


RealCool.BIZ Forum Index -> Investments & Trading -> Investments & Savings

Post new topic   Reply to topic
Author Message
kasper
Apprentice


Joined: 17 Dec 2004
Posts: 7



PostPosted: 05/04/08 - 04:31    Post subject: Reply with quote

This must sound like a weird question but it is quite legitimate: what happens to your savings if you die? Let’s assume that I have a savings account and have a certain amount of money that I earned what happens then? Who’s going to inherit that money and is an authorization needed for those who want to take it?
Back to top
armin
Apprentice


Joined: 03 Sep 2005
Posts: 12



PostPosted: 06/03/08 - 03:57    Post subject: Reply with quote

Well, it depends on your life intentions. If you have authorized someone during life to enter your saving account he or she may use your savings but is generally ruled by the fact if you do or do not have a will. You have to check with law and regulations in your state so that your relatives can claim money. You may also put an official claim in local newspapers so that others can use money from your account.
Back to top
Display posts from previous:   
Post new topic   Reply to topic All times are GMT

RealCool.BIZ Forum Index -> Investments & Trading -> Investments & Savings

Page 1 of 1

Related topics:
What happens after going bankrupt?
What happens when a seller does not provide truthful info?
What happens to debts when a person dies?
What happens with partnership if one partner dies
What happens to old accounts?
What happens if I skip payment mortgage?
What happens with life insurance in case of a suicide?
What happens in a bankruptcy process?
What happens when financial planning fails?
Trend line break – what happens to price directions?
What happens when land value is estimated diferently by two parties?
What happens to the house and mortgage if my partner dies?
What happens if you have both short-term capital gains and losses?
What happens when multinational bank defaults on its obligations?
Comments and reviews on article "What happens with Bank Account in Bankruptcy?"
Comments and reviews on article "What happens with Bank Account in Bankruptcy?"
Comments and reviews on article "What happens with Bank Account in Bankruptcy?"
How many days after the stock trade, a settlement happens?
What happens to the stocks that are only worth pennies?
What happens when the property value increases?
What happens if general partner has committed fraud in limited partnership?
What happens to my assets in the bankruptcy?
What happens when a bank makes a mistake?
What happens when there are more sells then buys on a market?
What happens when one owner in joint tenancy dies?
Taxes On Interest Savings?
DO you have to pay taxes on savings?
Difference between savings and investments?
Anyone deposited money into Cahoot savings?
Where can I find calculator for savings?
Can you get income from savings?
Short term savings?
How do e-savings work?
Tracking my savings?
How do I start with savings?
Endowment - savings plan
Can I avoid paying taxes on savings?
Bank charges for savings?
Help me figure my savings strategy
Short-term savings options?
Can you get back taxes paid on your savings?
What can you do with small savings?
I have no savings at all!
What type of savings is the best for my case?
Savings accounts accessible from abroad?
Starting a savings plan!
How safe are savings bonds?
Help me plan my savings
Fixed rate savings?
Can you switch savings accounts?
What would be maturing savings?
Savings account with S-Type corp
Opening Foreign Savings Accounts
Do we have to pay taxes on savings?
Are there tax free savings?
Are there any well known and reliable e-savings accounts?
Paying mortgage from savings interest
How much tax do you have to pay on savings?
Which is the best place for my savings?
Planning ahead my savings?
What are the most efficient savings?
Purpose of mutual savings banks?
Do you treat your retirement plan as a savings account?
Do you have energy to start a savings account?
I'm not satisfied with my retirement savings plan?
Are there e-savings accounts?
Can my son cash my savings bonds?