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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 Can anyone else pull money from that account?
Wiki User
∙ 15y ago
Ifvyou read the Will you will see who are the beneficiaries. When probate is granted the beneficiaries will be entitled to a share of the mother's account , depending on the agreed split in the account with the daughter. You should get some simple legal advice or read up in a good law book or thw web.
Wiki User
∙ 15y ago
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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.
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.
How does it apply to a authorized user on the account and the primary dies and the card is used after the death who is responsible for the debt even if the deceased has no monies in any estate?
The authorized users who had full access to the account are both equally responsible for the debts incurred. The secondary user most likely used the card before the primary became deceased ... just because the primary account holder dies does not dismiss the responsibility of the secondary account user.
What happens if primary domain controller fails?
You wont be able to access the network resources/login properly to your account.
Is an authorized user on an account for which the primary account holder has been deceased for two years responsible for paying the amounts charged?
An authorized user does not fulfill the definition of "debtor" under the Fair Credit Reporting Act. AU's are not liable for any debt they have not signed a contractual agreement for. If the AU is the heir of a deceased person, the deceased's estate or heirs MAY have liability for their debts. This would depend upon (their state's) inheritance laws and the terms of the will.
Primary account (5 sentence minimum)?
Examples of primary account 5 sentences
What is a primary account?
I think it means your main account or your first account.
What happens to the balance of credit card in the event of death of primary cardholder?
All debts and assets of a deceased person are handled in accordance with the probate laws of the state where the deceased resided. Only the account holder is responsible for credit card debt, unless the person was married and lived in a community property state, in which case the surviving spouse is usually deemed responsible for such a debt. In some community property states such as Wisconsin the law varies as to the surviving spouse's responsibility.
What is a Primary Account Holder?
Primary account holder is the person on whose name the bank account is created in the first place. Ex: Assuming you have a bank account and then once you get married you would include your spouse as a joint account holder. you will be the primary account holder and your spouse would be the secondary holder.
Is a firsthand account a primary source?
Yes, a first-hand account is a primary source.Whether or not it's a quality source is another matter, but it is a primary source.
Can you forcefully kick someone off your ps4 so you can set your account as the primary again instead of a 2nd ps4 being the primary?
The best way to kick someone off your PS4 so you can set your account as the primary again is to close the other user account. You can then make your own account the primary instead of the 2nd PS4 being the primary.
Can the primary account holder remove the name of the secondary holder?
Pay off the balance and close the account. Then reopen a new account with only the primary holder.
