Lebanese banks during war or other crisis

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Xtrem Contributor

Member since 02 April 2011

XtremContributor26 January 2014 07:30:58

187

Hi there,
I was wondering what happens to the money of your bank account in each of these cases:聽
1-聽 upon聽 account owner death
2- if there is a war on the country ( GOd forbid )聽
3- if the bank got robbed.

i got mis-informed before that you have to have a shared bank account or the bank will take everything upon death.
I am not in lebanon but these are my 1st questions when i go back .
appreciate your responses

MARC0000 Active member

Member since 30 October 2010

MARC0000Active member27 January 2014 05:37:03

upon death relatives will heritage the account
however if the account is not shared the taxes will increase upon death (heritage taxes)% for the government + % to the bank
since upon death the bank and the government will have to find relatives of the dead costs money
in case of robbery the bank have insurance nothing to fear聟
in case of war the branches of the bank outside the war zone remains operational
only branches near the war zones will be closed
hope this finds you well

Xtrem Contributor

Member since 02 April 2011

XtremContributor27 January 2014 06:00:15

187

MARC0000 wrote:
upon death relatives will heritage the account
however if the account is not shared the taxes will increase upon death (heritage taxes)% for the government + % to the bank
since upon death the bank and the government will have to find relatives of the dead costs money
in case of robbery the bank have insurance nothing to fear聟
in case of war the branches of the bank outside the war zone remains operational
only branches near the war zones will be closed
hope this finds you well

Thank you so much Marc0000 this is really helpful, one more question in case of death if the bank didn't have time to find family members will that make the Taxe goes less ?