What happens to the money in a bank account when its holder dies without writing a will?

It depends. If the account is known, then it will be counted among the deceased assets and divided up according to applicable law. If the account isn't known, then after a certain period of time the bank will consider the account abandoned and turn over its funds to the state.
What happens to the money in a bank account when its holder dies without writing a will?
it belong to the bank ok except if the person is a god fearear he or she we know what do is either he or she return the money back to the family of the person ok. thank u that is all.
Reply:If this question is asked because you recieved one of those crappy mails in which some guy tries to get you to cooperate with him so you can get a large sum of money:


DON'T RESPOND!!!!! THROW AWAY THE MAIL!!!!





But I guess you already knew that.


I suppose the money goes to the closest relative the bank can find. And even to the only relative they can find.
Reply:All assets become part of the estate. Probate court will appoint an administrator who will pay any outstanding bills, advertise for any creditors to come forward, sell any real property and handle any other business of the deceased. If there is any money left, it will be distributed to relatives in the order prescribed by state law.