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Can a joint bank account in Florida be levied by New Jersey law if only one person is levied upon?
Wiki User
∙ 8y ago
Not if it is a marital account held as Tenancy By The Entirety.
Wiki User
∙ 8y ago
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Can a joint bank account from an unmarried couple in Florida be levied by New Jersey law if only one person is levied upon?
Yes it can, but only for half of the balance in the account unless you can prove that all the money in the account belongs to the other party. You will need complete documentation and a court hearing to accomplish this. Also, because Florida is a "debtor" state the rules regarding bank executions, wage garnishments and property executions lean heavily to the debtors interests. Disposable income becomes extremely important to you as a debtor and to the creditor. Salvatore Mattiaccio President The Lakeland Group, Inc. P.O. Box 20 Sparta NJ 07871 (973) 729-2372
Can a minor's bank acct be garnished?
No, a minors bank account can not be garnished, if they are the only person on the account. If this is a joint account and the non-minor is subject to a judgment then it can be levied or garnished.
What type of tax is levied on the entire estate of a person?
Estate taxes are levied on the entire estate of a person.
What type of tax is levied directly on the entire estate of a person?
Estate taxes are levied on the entire estate of a person.
What type of taxes Levied directly on the entire estate of a person?
Estate taxes are levied on the entire estate of a person.
Does the estate need to be opened in the state where the person died?
Not where the person physically died, but in the state in which the decedent was domiciled at his/her death. Example: Decedent was domiciled in New Jersey but died at his summer residence in Florida. The original probate should be in New Jersey. If that residence has to be sold by a duly appointed executor in Florida, ancillary probate is issued. This entails getting a certified or authenticated copy of the will that was probated in New Jersey and offering it for probate in Florida with a request that the New Jersey executor be appointed executor in Florida in order to selll the Florida property.
If a person dies without a will in New Jersey does his home get divided between the state and his child?
No, the state does not get a share of the property, other than any state levied Estate Tax.
Can a person receiving disability benefits with direct deposit to the bank be levied?
Accounts that have social security and ssi fund contained it it can not be levied account to federal law.
What is the tax on property transfer when a person dies called?
Estate tax is levied when a person dies
What is a sum of money levied on a person's property or income by a government?
A tax.
Can a joint bank account be levied by a judgment creditor when only one account holder is the debtor?
Yes. Usually when a joint account is garnished by a judgment order and only one person on the account is the debtor, the court will 'freeze' the account and the non debtor account holder will need to submit proof of the amount of funds in the account that belongs to them. An exception could be,if the account is held by a married couple as Tenancy By The Entirety and only one spouse is the debtor.
What is duty (as in tax)?
Tax is a broad term & duty is a part of tax.......Tax levied on person, product, services & assets for example-INCOME TAX levied on person,VAT levied on sale of products,SERVICE TAX levied on providing taxable services, WEALTH TAX levied on assets..........Genrally DUTY levieble on goods for example-EXICE DUTY levieble on manufaturing of goods, CUSTOM DUTY levieble on import & exports of goods...........................Sachin gupta from jhalawar (RAJASTHAN)
