Paxum money in case if person has died?

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  • mobstriker
    Confirmed User
    • Jul 2014
    • 191
    #1

    Paxum money in case if person has died?

    I'm interesting what happens with money in Paxum account, if person has died?
    Tags: None
    • Zeiss
      Confirmed User
      • May 2012
      • 5189
      #2
      Got me interested.


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        • iceboi
          Confirmed User
          • Oct 2017
          • 302
          #3
          Stay in the account until the yearly fees deplete it... Same thing can be asked for all online accounts like PayPal and skrill
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            • CaptainHowdy
              Too lazy to set a custom title
              • Dec 2004
              • 94055
              #4
              Originally posted by iceboi
              Stay in the account until the yearly fees deplete it... Same thing can be asked for all online accounts like PayPal and skrill
              . . .

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                • BigFurry
                  Confirmed User
                  • Nov 2003
                  • 1574
                  #5
                  Very wrong information in this thread. Obviously banks and payment services cannot keep the money for themselves if someone passes away. They are obliged to give it to the heir.

                  The person has to show them the proper documents, and they will get the money.

                  Here is it in the case of PayPal. Paxum must have a similar procedure.

                  https://www.paypal.com/us/selfhelp/a...lative-FAQ1694

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                    • nikki99
                      Supermodel
                      • Nov 2004
                      • 23072
                      #6
                      there was a serious case about a young boy who has 100k in bitcoins, died, and dad hasno idea has to cash em out..
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                        • blackmonsters
                          Making PHP work
                          • Nov 2002
                          • 21014
                          #7
                          Originally posted by mobstriker
                          I'm interesting what happens with money in Paxum account, if person has died?
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                            • Petra
                              Confirmed User
                              • Jul 2007
                              • 515
                              #8
                              The money belongs to the estate. So there's probably a procedure where the executor sends in the death certificate and probate papers and the money is released.
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                                • bloggerz
                                  Too lazy to set a custom title
                                  • Dec 2006
                                  • 16253
                                  #9
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                                    • OneHungLo
                                      So Fucking Banned
                                      • May 2001
                                      • 40902
                                      #10
                                      If the company is based in the US i'm pretty sure they have to turn it over to the state.

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                                        • iceboi
                                          Confirmed User
                                          • Oct 2017
                                          • 302
                                          #11
                                          Originally posted by BigFurry
                                          Very wrong information in this thread. Obviously banks and payment services cannot keep the money for themselves if someone passes away. They are obliged to give it to the heir.

                                          The person has to show them the proper documents, and they will get the money.

                                          Here is it in the case of PayPal. Paxum must have a similar procedure.

                                          https://www.paypal.com/us/selfhelp/a...lative-FAQ1694
                                          What about situations where the family doesn't know that the account exists? Because none of my family members know a thing a about online payment services. I'm too young to be thinking about a will too... So what would happen?
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                                            • NALEM
                                              Confirmed User
                                              • Nov 2010
                                              • 3166
                                              #12
                                              Originally posted by iceboi
                                              What about situations where the family doesn't know that the account exists? Because none of my family members know a thing a about online payment services. I'm too young to be thinking about a will too... So what would happen?
                                              It's never too early to be thinking about a "will" or providing general instructions to a couple of people you really trust. My own mother and another relative have in a sealed envelope details of all assets and liabilities, including signed limited POAs. In addition, I have pre signed numerous checks in their names, and left them debit cards with PIN codes, in the event of any serious emergency or death.
                                              "The time men spend in trying to impress others they could spend in doing the things by which others would be impressed."

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                                                • mobstriker
                                                  Confirmed User
                                                  • Jul 2014
                                                  • 191
                                                  #13
                                                  I mean this:

                                                  Does Paxum will pay money to family of person who died?
                                                  Or this money will be profit of Paxum?

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