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Savings account in my name set up 33 years ago with my grandmother as trustee as she has just passed away what happens now?
Wiki User
∙ 14y ago
You should discuss the account with the bank. There may be a payable on death feature on that account. The bank should be able to advise you of the status of the account. You should take a copy of your grandmother's death certificate with you when you visit the bank.
Since the account is set up in your name, if you provide proper relationship evidence between you and your grandma and also provide identification proof for yourself and provide the death certificate of your grandma, there should be no issues in getting the proceeds of the account.
Note: Since the account is 33 years old, if you have not operated it in the past one or two years or more, the bank might have moved the account to Dormant state and might charge you a penalty for the same.
Wiki User
∙ 14y ago
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When was Trustee Savings Bank created?
Trustee Savings Bank (TSB) was created in 1810.
How can you get money that was in a savings account with stockport and district trustee savings bank in 1967?
To get money from a savings account from 1967, you will need some information proving that the account is yours. Contact the state unclaimed funds department in the state where the account was held and request your money.
When did Trustee Savings Bank end?
Trustee Savings Bank ended in 1985.
When was Trustee Savings Banks Association created?
Trustee Savings Banks Association was created in 1887.
What is a fiduciary account?
fiduciary account -- a savings account, the funds of which are owned by one individual but administered for that individual's benefit by another individual, such as a legally appointed conservator, trustee, or agent.
What happens when a trustee steals money from a trust account?
They have breached their fiduciary duties as a trustee. They can be brought up on a number of criminal charges or sued in civil court.
What does Lloyds tsb stand for?
Trustee Savings Bank
While in a chapter 13 how much money can you deposit in a secured credit card savings account?
While in a Chapter 13 bankruptcy, the money that can be deposited in a secured credit card savings account varies individually. The amount must be presented to a trustee and approved based on the case.
Is it too late to seek the representation of Elder Law Attorneys since my grandmother has already passed away?
You may have to talk to a trustee attorney. Since you grandmother pass away, if she has left a will then you will have to talk to a trustee.
What happens to savings and CD accounts during bankruptcy that have your name on them if they belong to another person and you actually have not inherited them yet?
If your name is on any account or CD, it is an asset of your bankruptcy estate. If the money cannot be exempted, then it can be siezed by the Trustee. However, if these are funds that are held in a Trust or become yours only upon the death of the holder of the funds, then they may not be reachable by a Trustee. If the person dies within 6 months of your bankruptcy filing date, then the money will have to go to the Trustee.
Can a creditor put a hold on your savings account after you claim bankruptcy?
When you file for bankruptcy, all your assets are revealed to the trustee and basically frozen. No, a creditor probably won't put a hold on your savings account after you file but they can until your bankruptcy is discharged. Usually a letter from your attorney saying you have filed bankruptcy will stop this action.
Can you transfer money from a savings to a retirement account and file bankruptcy?
Sure. But expect the trustee to want that money, unless the amount in the savings account was exempt. Transfers of assets otherwise available to the bankrupt estate for the purpose of filing bankruptcy is a federal crime. Consult an experienced bankruptcy lawyer, since there are permitted transfers.
