Don't forget, some organizations such as the National Rifle Association and some gas company travel cubs automatically cover the member with some type of insurance. If the accounts are in the two names, the survivor will have access. If the account is in the deceased's name only, money cannot be taken from the account until an executor is appointed. An attorney can help you draw up the appropriate forms for the bank. Stocks and Bonds - Joint ownership goes to the survivor.
Single ownership goes into the estate for probate.
Annuity Payments - If the deceased was receiving annuity checks, you must notify the company of the death. Do not cash any checks dated after the date of death. Return them to the company. If there is a beneficiary, the checks will go to them as soon as the requirements are met to certify the death. Mortagages -Sometimes, if insurance coverage was purchased, the mortgagee will be paid off at the time of death.