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

I’m the UK this goes to Probate, where the legal system deals with it. If there is no family, even distant members, then the assets are sold and the funds go to the government.

Vehicles parked would eventually come to the attention of the police, who would see the owner had passed.