Besides these practical problems associated with the death of the account owner, from a legal standpoint it is not advisable to hold a bank account in an individual name. Remember, the objective of any sound asset protection plan is to maintain control while removing legal ownership from your name.
An offshore account, just like your home and other savings, should be placed within a structure which provides the appropriate degree of legal protection. If you are questioned under oath, you must tell the truth about what you own and how it is held. The proper legal structure allows you to tell the truth and still have your property protected from a claim.