If someone dies and has no family, what happens to their money and their assets (house, car etc.)?

Question

What happens to the money in their bank account? Does the bank get notified of the death?

If your car is randomly parked somewhere away from your house when you die, what would happen to it?

In: 8

Answer 1

In the US there are law firms that track down distant relatives of unclaimed estates. The one that found me took a 50% finders fee.