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

Depends which country it happens in. In the UK, after the body is discovered, it would generally go to the local council to bury the person, (unless they die in hospital), the council would then recover the costs of the funeral from the estate, ( if there is any money to recover), then central government would receive the estate to dispose of.