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It depends. If the account is a joint account with right of survivorship (JTROS), it goes to your sister and not to his estate. Otherwise, it may go to his estate.
The person's credit card debt will remain as unpaid unless they pay it. Going to prison does not cancel any type of debts incurred.
It is your choice which name goes first.It can be either way.
The estate still exists and will be distributed per the intestacy laws of Virginia. The executor will file with the probate court and follow the courts direction.
, THis is my first answer so here goes. You can date someone who is 17 when you are 14 by government law. But your parents have control because 14 is a minor. If your parent says no it would be best to listen. If they say its fine totally go for it. Hope this helped. :-)
it goes to a blood bank
Typically property that cannot be claimed by kin when someone dies goes to the government. If money is owed on the house it is given to the bank.
Read the book Hiroshima. It will tell you real life accounts of what happens, and it is a good book.
You still owe money.
A lot of times when a bank goes out of business they are "bought out" and another bank takes over any open accounts that are still remaining. The best thing you could do would be to contact the bank that bought them out (you can probably google that info) and ask them how to proceed so that you may access those accounts. Good luck!
The FDIC provides to $200,000 of insurance per bank account. This means that if the bank goes under, you will still have your money. If you have more than $200,000, you will need to put in in multiple bank accounts.
What happens? the bank forecloses of course. The fact that the house is in a trust doesnt change anything.
Your bank can deduct amounts from your own accounts for several reasons. If you cash a check that cannot be collected by the bank the bank will deduct the amount of the check from any of your accounts that has a balance. It can do the same if you overdraw one of your accounts. You gave the bank permission to do so when you opened your accounts. The bank can take bank fees from your account and also fees for check orders.
All Your Stuff GOes TO Bank And You Have TO Redecorate It When YOur Member Again...:)
On a personal savings account the interest rate is 0.79. The same goes for a business account. Other accounts may have different rates which are on their website.
When someone deposits or withdraws money from a bank, more math is involved to calculate the total in their accounts. Again, precision and accuracy is key. If a bank employee accidentally puts too much money into someone's account, it will cost the bank money. If an employee puts too little into someone's account, it can greatly damage the bank's image. The same goes for withdrawals. The amount taken from the account must match the amount the client withdrew from the account. Accurate math is essential to all transactions; extensive record keeping insures mathematic accuracy. The math is repeatedly checked and rechecked.
If you are clean and not wanted - nothing happens. He/she goes to jail. You go home.