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No, you have an undivided interest in the entire bank account and it is up to you and the other joint tenants of the account to agree how the account will be used. If you are the sole remaining joint owner, then the entire account becomes yours. If you die before one or more other joint tenants, you and your estate have no further claim to the account, even if it was entirely your money that was deposited.
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∙ 16y ago
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Your sister has a joint bank account with your father what happens to his half after his death?
Upon your father's death, his half of the joint bank account would typically pass directly to your sister as the surviving account holder. It would not be included in his estate and would not go through probate.
If your husband has a bank account in his name are you entitled to half?
It depends on what state inwhich you reside but in most, if the account was decleared before the marrage and you did not contribute no, but if it was decleared after the marrage took place yes, just as you each consume each others debts. then yes you are entitled to half of the holdings but it also depends on the length of the marrage as well ten yrs. or longer you are entitled to half of whatever but so is he.
Can a joint bank account be frozen by a judgment creditor?
A joint account can be frozen by a judgment creditor of one owner. That can cause not only an indeterminate period of inconvenience for the non-debtor owner but also may result in the loss of half of the funds in the account. You should not open a joint account with another person who has a history of debt problems. You can read more about frozen bank accounts in general at the link provided below.
What can be done when one person takes all money out of a joint tenancy with rights survivorship bank account?
When you decide to open a joint account with another person that is always a possibility. If there is a substantial amount of money involved you could try to sue for the return of half of the money.
Your mother left the house to your brother and you as joint owners you live in it and pay for everything If you sell is he entitled to half of its worth today or what it was worth?
Half of what you get from the sale.
What is some good divorce advice for men?
Some good divorce advice for men would be move all documents to a safe place like your attourney's office(not in your house). If one has a joint bank account take half of the money and deposit into a bank account with your name on it. If one has any joint stocks, bonds or mutual funds contact your stockbroker and have them split as well.
How is property divided if parties were not married but lived together and accrued property together?
There is no legal method of dividing the property of unmarried house-mates. They need to work it out between the parties. If the parties acquired real property as joint tenants each is entitled to one-half of the net proceeds when the property is sold. Each is entitled to one-half of the balance of any joint bank accounts but beware that generally, either can empty the accounts without the other's permission.
Your name is on the deed to a house but not on the loan are you entitled to half of equity?
Yes. If you are a joint fee owner and you didn't sign the mortgage then your half interest is free of the mortgage.
Can child support put a lien on a joint account if not you are not married?
Yes. That's why no one should open a joint account with someone who owes child support. At least half of the balance at the time of the lien can be frozen.Yes. That's why no one should open a joint account with someone who owes child support. At least half of the balance at the time of the lien can be frozen.Yes. That's why no one should open a joint account with someone who owes child support. At least half of the balance at the time of the lien can be frozen.Yes. That's why no one should open a joint account with someone who owes child support. At least half of the balance at the time of the lien can be frozen.
Who pays income taxes on interest earned on a joint savings account that is owned by me and my mother?
Usually you and you mother will both pay half each of any taxes due on the interest which is generated from a joint account
Why it is entitled half a day?
Why is WHAT entitled ....?
Can a convicted felon open a bank account?
I have a friend who is serving in a half way house.She needs to get a bank account.What would she have to do.
