Frozen Accounts

20 Jun 2023 · 0 min

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0:23

Jerry Taylor explains that banks freeze accounts held solely in a dead person's name, blocking heirs from accessing money without a court order. The fix: put accounts into a trust instead, so the trust keeps control and avoids the freeze.

They will freeze your bank account. When you leave the planet, if your name is the only name on your bank accounts, the bank will freeze those accounts. Your kids, your heirs will not be able to access those accounts until they get a court order that allows them to do so. There is an easy way to avoid that. Put those accounts in a trust. Join my newsletter in my profile link and you'll learn all about it.