Yes. The Power of Attorney entitles the holder of the same to do anything he/she wants with respect to the activities of the person who has given the power. i.e., the holder of POA can be the proxy and dispose off duties of the person who issued the POA. So, they can very well remove a person from a joint account held by the person who has given the POA.
Yes, they have that ability. Unless there is a clause in the document that prevents it.
Yes. As a joint owner of the account you have as much right to the account as the other joint owner.
Yes, in certain situations, an attorney may be able to obtain a court order to freeze a joint checking account in New York as part of legal proceedings. This is typically done to prevent the depletion of assets that may be subject to a legal dispute or judgment. Both account holders will be affected by the freeze.
You have the ability to represents the living person. That would include the ability to empty a checking account.
He cannot remove your name from the account. However, he can close the account and then open a new account with the money. Just remember this can work both ways. With a joint account either person can go in and close the account out and then take the money and open themselves a new account. Most of the time it depends on who makes it to the bank first to close out the account.
yes it can..the banks does not care if it is a joint account or not and they do not care if you are married
It turns out that the answer is yes, which was rather a surprise to me. A person I know closed her joint checking account (with her husband) after her divorce, because he kept overdrawing on the account. She tried to have her name removed from the account, but they wouldn't do that without him; however, bizarrely, they were perfectly happy to simply close the account on her say-so. (This may have been practical: they may have just decided "it's better for us to close the account than to take the one person who actually puts money IN off the account.")
No. Actually, it depends on how the account is titled. If it is a Joint OR account, than yes, one person or the other can close it without the other. If it is a Joint AND account than both need to be present to close the account.
no
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When a joint owner dies their interest passes automatically to the surviving owner. The survivor is the sole owner of the account and can close it or make changes. For example the survivor can take the decedent's name off the new checks for the checking account.
He can if the accounts are joint accounts and he is the joint account owner. However, if he was the joint owner for convenience purposes only the other heirs should seek their share of the funds.
You can visit the bank branch where you hold the joint account and submit a written request to remove your name from the list of account holders for that account. The bank may ask you to get the other holders of that joint account and ask them for approval before doing so.