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If you are named on a joint checking account for your deceased father are you liable to his debtors?
Wiki User
∙ 16y ago
No. The creditors (the father was the debtor) will likely go after his assets to collect debt. They will try to tell you to pay, but you just need to send them a death certificate and tell them you have nothing to do with his debts. If you are named on one of his credit accounts, then you would be responsible. Sharing a checking account doesn't make you liable. They may also try to take the money from the account, it is best to move it. Joint checking accounts are generally established as Joint Tenancy With Rights of Survivorship (JTWRS) meaning the deceased's funds automatically pass to the other account holder and are not subject to seizure by creditors or included in probate procedure. If the orignal signature card does not signify the way the account is held, the state's default law will apply. Most banks will require the surviving account holder to present a death cerificate in order to close the account entirely.
Wiki User
∙ 16y ago
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Bank savings account holder with deceased father will not in probate bank is saying paperwork not followed through on their end been doing transactions do you have a right to this account?
If the account was a joint account in your name and your father's name and he is now deceased then you are the owner of the account. ==Additional Answer== Probate is needed if you are not a holder of the account with your father, as you seemed to state in your question, and the account is in your father's name alone. Whoever files to open up probate will get a document called letters testamentary, and that person takes a certified copy of the letters testamentary to the bank and the bank will then issue a check to be distributed to the legal heirs.
Your dad died without a will if you get the money out of his checking account can creditors come after you for those funds?
Your father's creditors should be paid from his estate. His bank account is part of his estate. According to law the creditors get paid first. If a creditor should discover that you spent assets left by the deceased they could seek a judgment against you.
What is a sentence for the word deceased?
My father is deceased.
Who can challenge paternity of a deceased father?
The parents of the deceased father (the childs grandparents) can do a paternity test.
Who is the father and mother of Sasuke Uchiha?
Father: Fugaku Uchiha (deceased) Mother: Mikoto Uchiha (deceased)
Is it grammatically correct to say your father is deceased?
Yes. My father is deceased is a polite way to say he is no longer with us.
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.
Can your stepmother be charged with a crime for removing money from a bank account that your father and you shared?
Yes. The account is joint between you and your father. If your father is deceased then she can claim her peice in court. You should report it to the authorities and the bank. She can be prosecuted. Although she is entitled to community property you are on the account and therefore she would have to settle with you. Unless she has a legal will. Find out your information first and then proceed to request an update.
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.
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.
