If you are the not named on the judgment levy, you must file a petition with the court where the judgment was granted to have the confiscated funds belonging to you returned. The court will require proof of what portion of the funds in the account were yours. If the account was held jointly by a married couple in a community property state the total amount of the account if not considered exempt (SS benefits, public assistance, private pensions and disability benefits) is subject to seizure by the judgment creditor even when only one spouse is the judgment debtor.
A joint bank account belongs to the surviving owner.
A joint bank account is just like any account. You can withdraw money by all means like ATM, Checks, Withdrawal through withdrawal slips in the bank etc. however, the only difference is the fact that either of the account holders of the joint account can do this and one party cannot restrict the other parties involved in the joint holding of the account from withdrawing funds from the account.
Yes, in Pennsylvania, a joint back account can be levied. This is usually called a levying of bank accounts or garnishing wages.
no
You can sue your spouse for stealing money, but not if it is out of a joint account. The very nature of a joint account allows both partners to access money. However, if there is another situation or a private bank account, they can be sued.
a joint account is an account that is joint together for an opening account. While beneficiary account are people that gain some promo from the bank
Generally, the surviving joint owner of a bank account becomes the sole owner of that account when the co-owner dies.Generally, the surviving joint owner of a bank account becomes the sole owner of that account when the co-owner dies.Generally, the surviving joint owner of a bank account becomes the sole owner of that account when the co-owner dies.Generally, the surviving joint owner of a bank account becomes the sole owner of that account when the co-owner dies.
Yes, they can. A joint account is equally held by the account holders and can be pledged against the debts owed by either of the account holders.
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.
i want to open a joint bank account in your bank. tell me how to open it i request you to inform me about the joint bank account and any type information/
A joint bank account is something that is owned/controlled by more than one person. So, to divide a joint bank account, the joint account holders have to come to an agreement as to who will be the sole owner of the account. Then, they must visit the bank and submit a written request. The bank will change the account to a single owned account after receiving the No Objection Letter from the other holders of the account.
No