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Why do banks automatically probate investments and freeze accounts?
Wiki User
∙ 10y ago
The bank has been entrusted to take care of these assets. They are not going to risk breaching their fiduciary duty by making a mistake or letting an unauthorized person have access to the funds.
Wiki User
∙ 10y ago
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What court order needed to freeze bank accounts dueto death?
Probate Courts can issue such an order, which will freeze the deceased's account(s), until the court has had time to probate the estate.
Can a bank freeze all your bank accounts?
Yes. The government can even freeze your offshore bank accounts if the money is illegal.
Can collection agencies freeze bank accounts containing social security and retirement funds?
Collection agencies can not freeze anything. Only courts can freeze bank accounts.
Can a partner freeze the bank accounts of a partnership firm?
yes
Does dept of revenue have the right to freeze bank accounts?
Yes
What happens if you fart on your computer?
the computer will freeze or the fan will run automatically!
In North Carolina can a law firm representing a credit card company freeze bank accounts?
Yes, they can file a motion prior to the lawsuit and request the court freeze all accounts belonging to the debtor in most cases, even accounts which are jointly held.
Why blood freeze when it come out from body give scientific reason?
Blood does not automatically freeze when it leaves the body. It depends on the ambient temperature.
Does a bridge have to be wet to freeze?
No a bridge does not need to be wet when it freezes because of the weather it is automatically cold and the only way it can freeze if you have ice or snow on the bridge
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.
Why get a Swiss bank account?
So the federal government can't freeze your accounts. No taxes either
How do you freeze bank accounts for back child support in Texas?
The State child support agency does this.
