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What happens to a joint account when the primary divorces the secondary member of the account?
All accounts of every nature should be addressed in the Separation Agreement and the Divorce Decree. The joint credit card accounts and any joint bank or investment accounts must be negotiated by the parties (through their attorneys) as to who pays what and who gets what. Property, debts and assets must all be addressed at the time of the divorce.
What else can I help you with?
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.
What is sweep account in banking?
A sweep account's funds are managed in a primary cash account and secondary investment accounts.
What happens to a joint bank account with 2executors are on it the other primary holder dies what happens to the bank account?
When one of the primary holders of a joint bank account dies, the account typically remains active, and the surviving joint account holder retains access to the funds. If there are two executors on the account, the surviving executor can continue to manage the account as per the terms of the account agreement. However, it may be necessary to provide the bank with a death certificate and possibly undergo additional legal processes depending on the jurisdiction and the specific terms of the account.
When reading a primary account what should you look out for?
Any bias or agenda the writer may have Inaccuracies and untruths, which may be introduced by even the best-intentioned writers. Many of the same things you look out for when reading a secondary account.
Is the secondary account holder liable for the primary if they are overdrawn?
Yes. Bank is liable to pay the joint account holders jointly without any distinction ( subject to the operation instruction). Thus the liability to the bank also is joint.
What is primary and secondary scources?
Primary Source: a firsthand account, also something written by someone who was there. Secondary source: a secondhand account also something written by someone who was not there.
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.
What is sweep account in banking?
A sweep account's funds are managed in a primary cash account and secondary investment accounts.
What is a commentary on an original document or firsthand account?
Secondary Source.
What is difference between primary and secondary card holder?
The major difference is that the Primary Account holder is responsible for all the amounts due on both the Primary Card and the Secondary Card.
Is a historian's account of Julius Caesar's victory against Spain a primary or secondary source and why?
A historian's account of Julius Caesar's victory against Spain is a secondary source not a primary source. Secondary sources analyze and explain primary sources. Primary sources are documents or objects that were created during the time being studied.
What is an advantage a primary source has over a secondary source?
a primary source offers a firsthand account of an event. (apex)
What is advantage a primary source has over a secondary source?
a primary source offers a firsthand account of an event. (apex)
Is a commentary a secondary source?
Yes, a commentary is a secondary source. A primary source is a first hand account of an event. I.e. I was at the corner when a five car pile up happened. When the police question me, the account I give them is a primary source.A secondary source is an after-the-fact account of events gathered from a primary source. A commentary is derived after reading a written article or watching a film, this the commentators commentary is secondary to what they were watching, reading, or listening too.
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.
What happens if you mix 1 primary color with a secondary color?
Mixing a primary color with a secondary color will create a tertiary color. Tertiary colors are formed by combining a primary color with an adjacent secondary color on the color wheel.
If the primary card holder gives a friend a secondary card to use is the secondary user responsible for the dept or is the primary card holder solely responsible?
It depends if the secondary card holder is a "Joint Account Member" or a "Authorized User". The joint account member is responsible for the balance, the authorized user is not.
