What happens to a joint bank account if you both die?

If both account holders of a joint bank account die, the funds typically become part of the deceased individuals' estates. The account will be frozen until the estate is settled, and the assets will be distributed according to the wills of the deceased or, if there is no will, according to state intestacy laws. It’s important for joint account holders to have a clear estate plan to determine how the funds will be handled in such circumstances.