if I died would my husband be able to take money out of my bank account?the account is in my name only ,?

Answer 1

When you die the executor of your estate will have access to your assets. If you have a Will and leave the money to your husband, the estate will distribute that money to him; if you have no Will, state law will determine how your assets are distributed, but it's a safe bet that if you die intestate (with no Will) your assets will automatically go to your spouse. Again, he wouldn't have direct access -- it's not like he can go withdraw the funds the day after you die. But the estate (via the executor) would distribute the assets to him.

Hope that helps.

Answer 2

As far as I know, in the UK:
(1) if the account is in your name only, the bank should turn him down - if they do not the heirs could claim the money back from the bank
(2) as soon as someone dies, all his/her net assets become part of the estate - if the account was in joint name with sole signature, the bank could in good faith release the money, but it would still be part of the estate, so may be deducted from any final settlement
Andone thing I know for sure, if this is important to you, get legal advice, and set up your affairs properly before you die, starting with a will! It becomes very difficult afterwards...

Answer 3

No you must talk to your bank manager and annonce him as the next of kin and the recipient of your money. The fact that you are married screams that you should have a will, it does'nt cost much it just means the rightful people will gain what you leave behind as in your home....never mind anything else you may have.
If you dont have a will itmeans when you die that everything is in probate, or frozen and it'l cost your loved ones money and time to get it. Even if you have nothing, the moment you sign a mortgage you should also sign your will.
Go see a solicitor asap.

Answer 4

Not immediately you have to be very specific when you're writing a will ,if you're leaving any savings to a particular person you have to put the name of the bank and your account number down.he would then have to wait for probate to be granted before he could access the money.If you died without making a will he would have to be granted probate through the courts,he would have to make an oath in front of ? and then he would get a document with an embossed seal on it which he would have to present at the bank before he could access the money...it can take months if you die intestate...even longer if there's a dispute in the family.The only advice I can give you is to make very specific provisions in your will.I would urge anyone who is married or who have dependants to make a will....and remember if you make a will before your marriage your marriage would invalidate that will...so make a fresh one after the marriage ...and be specific with your bequests.

Answer 5

depends on the bank and their procedures. An easy solution is to ask the bank to name him or whoever a beneficiary on the account. This is commonly called TOD or Transfer on Death. Then all he has to do is sign a bank form and give them a death certificate. Most banks will do this for free and it typically avoids probate. Another solution would be to add him to the account, but then he could access it whenever he wanted.

Answer 6

Wishing a Long Life !!. The legal heirs can always claim money from a dead man's (Woman's !!} Account by producing a legal succession certificate unless there is a will left by the departed to the contrary !

Answer 7

If the account is in your name only, the account would be frozen until the will is read, & your financial matters sorted out. No one would be able to have access to your money til then.

Answer 8

Your bank account will become part of your estate and only the executor of your estate, as described in your will can touch the money. And he/she has to distribute it according to the will. No will? Then the government (in N.Y. its the county government) becomes the executor.

Answer 9

No, he would have to obtain Probate, or Letters of Administration, or else your Executors would, before the bank would release any funds.

Answer 10

Put his name on the account.....