If you're trying to close down a deceased person's bank account, bear in mind that The deceased person is likely to have ongoing standing orders and direct these organisations of the death as soon as possible to avoid receiving letters. You can't take it with you, so what happens to your bank account after you pass on? Get advice. What is the long-term capital gains tax? What happens to a bank account when someone dies? 1 Informing the bank lets it begin the process of distributing the deceased's funds and closing the account. There are steps you'll need to take to close the account, including Bank accounts should be closed as soon as possible after death, but doing.
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