If i die, how will my relatives get my money from bank? -

i want to make it easier for them just in case, cuz normally the whole procedure takes ages, no? make a will Make it a joint bank account with your closest relative or friend or as other answers given,make a will. Get the Which guide to wills out of the library I doubt you have enough to make a will worthwhile as your parents will get the lot and the law says who gets what if you don't have a will If it takes ages so what you're in no hurry and the others could have had to wait for years! get a joint account with one of them i would go into the bank tell them what you want to do im sure they wil help Depends on where you live. In Texas, a POD (Pay on Death) designation overrides a will. If in some other states, your will overrides a POD. Talk to a lawyer. Set up the account as a joint account. The other party should be your executor if there is NO will, the first thing the bank will do is hold enough money back to pay for the funeral that's the 'law' anything that is left will require full proof of who they are and what monies or properties is left, you need to name a person to act as executor to make things clear you can do all this through a solicitors. I would check with your bank now so you can set things up correctly for when the time comes. In California, the process of releasing funds to family members or beneficiaries depends on how much you have in the bank or your total assets. For example, I believe if it's less than $100k, they can release the funds after 30 or 40 days with just a death certificate. If it's over $100k, the bank will not release funds until probate has settled and the court appoints someone to handle and dispurse the funds for you. Your money will be distributed according to your will. If you don't have a will, state law will determine who gets what. This differs somewhat from state to state. Alternately, you can open the account as: joint tenants with right of survivorship. That way, when you pass the money is theirs and it doesn't have to go through probate. The downside is they have complete access to your money while you are alive. Better be someone you trust. u can give them power of attorney incase something should go wrong and you fall too ill to do anything urself. as for anything else i'm not sure im afraid Well, they take your will to probate court, and the judge appoints an executor. The executor takes all your debts and assets, and lists them. Then they use your assets to pay off your debts, then they distribute the procedes according to your will. You could probably set up your account to automatically pay someone the balance upon your death. Talk to your banker. If they have your death certificate there should be no problem. tell them your pin number ?