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How can you stop a joint account holder accessing the deceased persons funds?
Wiki User
∙ 12y ago
You can't. The funds are the property of the surviving joint owner.
You can't. The funds are the property of the surviving joint owner.
You can't. The funds are the property of the surviving joint owner.
You can't. The funds are the property of the surviving joint owner.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoYou can't. The funds are the property of the surviving joint owner.
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Account holder deceased
How do you close account if account holder is not present?
If the account holder is incapacitated, then someone should obtain the power for attorney for that person. If the account holder is deceased, then you need a death certificate to prove that. And those are the only two circumstances in which it is necessary to close an account when the account holder is not present.
Does interest accrue on credit card debt after card holder is deceased?
Interest does not accrue on credit card debt after the card holder is deceased. It can occur however, if the spouse is on the account.
Is an additional card holder only responsible for card debt of a deceased person?
no not responsible, only if you are a co-signer/joint account holder
Are you responsible for your deceased mother's debt with an applicance store?
If you were not listed as a joint account holder you are not responsible for the debt.
Do you have to pay your deceased mother's credit card bills?
Condolences for your loss. To answer your question, not only no, but hell no! Unless you were a joint account holder, you have no liability for your deceased mother.
What happens to a joint bank account when the the primary is the now deceased mother and the joint account holder is a daughter and In this case there is no will can they do anything?
The daughter now owns the bank account and everything in it.
Are you responsible for the debt if you are a 'card holder' on your deceased father's credit card account?
If you have a card with your name on it usually you are considered a joint account holder and are responsible for the debt incurred on that account. If a consumer is listed as an authorized user (they do not have a card with their name) he or she is not responsible for the debt.
What happens to a joint bank account when the the primary is the now deceased mother and the joint account holder is a daughter and there is a will. In this case there is no will can they do anything?
Joint accounts generally include the rights to survivorship. This means the funds in the account that belonged to the deceased automatically pass to the other account holder(s). The funds are not subject to probate procedure, nor are they subject to any terms stated in a will. It is possible that an estate tax could be levied on the portion of the account belonging to the deceased, but in most cases the amount would need to be substantial for that to occur.
If your husband was his deceased father's bank account nominee how do you recover the account funds?
If the named person is not a joint account holder with rights of survivorship the bank account monies will become the property of the probate court and be distributed according to succession law of the state where account holder resided at the time of his or her death.
How do I find out if I am a beneficiary on a deceased person's bank account?
Bank accounts do not have beneficiaries. If you are not an authorized account holder, and you would know if you are, you have not access. The estate will distribute in accordance with the will.
Are you responsible for your deceased father debt if you share a bank account?
A joint bank account or more likely a portion of such might become part of the deceased estate depending upon how the account is held. Most accounts held jointly by family members are done so under the law of rights of survivorship and therefore revert to the living account holder(s) upon the death of the another. In any case, just being a joint account holder does not make the person responsible for the repayment of debt incurred by the deceased.
