What happens to your paycheck if you pass away? For example, if you work a full week and die on Thursday, just before payday on Friday, who is entitled to your paycheck?
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What happens to your paycheck if you pass away? For example, if you work a full week and die on Thursday, just before payday on Friday, who is entitled to your paycheck?
When you pass away, any wages you’ve earned up to that point are typically considered part of your estate. This means that your paycheck for the week you worked before your death would generally be payable to your estate. The specific procedures can vary based on local laws and your employer’s policies.
If you have a designated beneficiary or if you’re part of a trust, funds may go directly to them. If not, your estate will go through the probate process, and the disbursement of any funds will depend on your will or state laws regarding inheritance. It’s a good idea to check with a legal professional for specific guidance regarding your situation and local regulations.