Your Wallet

Trump’s Death Master File and Its Impact on Your Finances

It’s always something with this administration, right? I’ve got Murphy’s Law behind me, always watching me. ‘Anything that can go wrong, will go wrong.’ I’ll admit, there were a lot of things that were pretty predictable about the Trump administration, but the Death Master File wasn’t one of them.

Listen to this podcast.

The Death Master File

Now, the issue I saw today? Another disaster. A financial disaster. And remember, that’s what Bankruptcy.blog is about: finances, getting out of debt, protecting your money, being informed, and being prepared.

When someone dies, the process is straightforward. Social Security numbers are reported through the funeral home, which provides a death certificate to the Social Security Administration. That’s it; you’re done. I’ve experienced this firsthand, unfortunately, as both of my parents have passed away. No extra checks were coming in or anything like that.

When you open a bank account, you have to prove your identity. You do this with documents like your driver’s license, passport (if you have one), and Social Security card. All that information gets run through the system.

If you give the wrong Social Security number, maybe you wrote it down wrong or got the last number mixed up. It won’t match, and you won’t be able to open the account. Now, what happens if the number you provide is tied to someone deceased? Clearly, you’re not opening a bank account in that case.

But now, to speed up the deportation process, if a legal immigrant is mistakenly placed on the Death Master File, their Social Security number becomes invalid because, according to the system, they’re ‘dead.’ Moving forward, what happens to the money in their bank account? They can’t access it because the person is presumed deceased.

What Can You Do to Protect Yourself from the Death Master File?

Normally, when someone dies, accessing their account requires going through probate court. You’d need to prove the person died, whether they had a will or not, and establish yourself as the beneficiary or next of kin.

But here’s the problem: How do you go to probate court for someone who isn’t actually dead? There’s no jurisdiction. The first step in probate is proving the person’s death, which requires a death certificate. Without a body or a death certificate, there’s no way to proceed.

In this scenario, the government has declared the person dead, but there’s no physical evidence or documentation to support it. So, probate is off the table. What’s next?

So, what’s left? You can add someone as a co-owner on your account. Hopefully, that doesn’t create other issues, as I’ve seen too many times when a family member goes wild with the bank accounts and finances.

Probably the simplest way to protect yourself is to transfer funds to an account belonging to someone unlikely to face this issue. Keep the problematic account with only a minimal amount of money in it. That way, if life returns to normal, you can resume using it as a regular account. If the account is closed, only a few dollars are lost.

I understand that this is not the perfect solution. As lawyers often say, we’re not magicians—we can only work with the facts presented to us.

Paying for things this way, however, comes with its own set of challenges, particularly the time and expense involved. For example, if you’re paying rent or a mortgage, you might need to get a cashier’s check, which costs around $7 to $10.

Money orders are an option, but I’m not a fan—they’re harder to trace. A cashier’s check is a much better choice for record-keeping. Money orders may only cost about a dollar, but you might run into issues proving the payments were made.

If it’s a local bank and you’re paying a mortgage, you might be able to walk in and pay them directly, which could simplify the process and avoid additional costs.

Be Informed. Get Prepared!

Just look at the overall picture here: the government is declaring people dead, and they’re doing it purely for immigration reasons. The domino effect, the snowball effect—it’s exactly what I’ve been warning about. So, what do you do now? Your Social Security number becomes useless. Sure, you can go to court, but get in line. How many lawsuits have already been filed against this administration?

I’ve always said it’s easier to stay out of trouble than to get out of it. If you believe you’re in this situation as an immigrant and you’re just now learning about the Death Master List—yes, it sounds morbid—the reality is you have to protect yourself. That’s what this blog and everything else I do is about: being informed and prepared.

Take those steps, and take them now. Don’t let them take your money. It’s your money. You worked hard for it. Don’t mess with people’s money—that’s how they put food on the table.

This is one of those situations. I wish the news were better, but the good news is that now you know this is happening, and you can take steps to protect yourself. You have to protect yourself—there’s no way around it.

I hope you don’t have to deal with this garbage, and I’m sorry if you do. Unfortunately, we’re facing unprecedented times, and drastic actions are required. Be prepared. I hope to bring you better news next time.

You can find additional categories by clicking below or by using the search feature at the top of this page:

Please note that the information on this site does not constitute legal advice and should be considered for informational purposes only.

Disclaimer:

This podcast was transcribed from an audio recording. The transcription may contain inaccuracies or errors due to the limitations of transcription software and the quality of the audio. I have made every effort to ensure the accuracy of the transcription but cannot guarantee it.

The views and opinions expressed in this podcast are those of the host(s) and guest(s) and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. Any content provided by our host(s) and/or guest(s) is of their opinion and is not intended to malign any religion, ethnic group, club, organization, company, individual, or anyone or anything.


Discover more from Bankruptcy.Blog

Subscribe to get the latest posts sent to your email.