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Bank Accounts and Financial Institutions

What if money keeps coming into their account after death?

Short answer

Recurring deposits — Social Security, pension payments — must be stopped. Social Security payments for the month of death must be returned. Pension rules vary — contact the plan administrator. Unauthorized receipt of government benefits after death can create legal problems. Notify…

What this usually means

Recurring deposits — Social Security, pension payments — must be stopped. Social Security payments for the month of death must be returned. Pension rules vary — contact the plan administrator. Unauthorized receipt of government benefits after death can create legal problems. Notify each payer promptly.

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