answersLogoWhite

0

Funds are transferred to the surviving spouse

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

I have couple of Bank accounts in US My wife is the nominee for that account. What happens if both me and my wife die?

The bank accounts become a part of the estate.


Is a spouse entitled to a bank account if not on the account?

A spouse may open as many bank accounts as they wish. If, on the other hand, you are referring to a joint account; then there will have to be paperwork filled out adding the spouse to the account and thus creating a joint account. This requires the agreement and signature of the original account holder.


Is it illegal to remove your spouse from joint checking account?

No. it is not mandatory to have a joint account with your spouse. If you feel, you no longer wish to have your spouse in your joint account, you can let them know and then contact the bank to remove their name from the accounts joint holders list.


Are joint bank accounts subject to inheritance tax?

It would depend on who they are jointly owned with. If a spouse, no. Anyone else, yes but only half.


Is anything aquirred after your spouse moves out of the house considered separate property?

That depends on whose money (what bank accounts) are being used. If your using your personal bank account but the bank account still has funds from both parties in it-


Is a surviving spouse responsible for the deceased spouses loan in Georgia?

no if they die the money they are owed will be taken out there bank account the remaning will be given out according to there will


Can your spouse be held accountable for your back child support?

Stepparents are not responsible for their stepchildren. Your spouse is not responsible for your child(ren). However, the State may place liens on real and personal property, including bank accounts, even though your spouse is a joint owner.


Does a new spouse have to pay child support in Missouri?

Stepparents are not responsible for their stepchildren. Your spouse is not responsible for your child(ren). However, the State may place liens on real and personal property, including bank accounts, even though your spouse is a joint owner.


Are there any banks in Georgia that are non chexsystems banks?

There are many banks in GA that will open accounts for those on chexsystems. Right now some of the more popular ones are BOA and Heritage Bank There are about 12 or 13 banks that offer second chance checking in Georgia and the majority of them are credit unions.


If someone goes to jail what happens to their bank accounts?

If someone goes to jail, their bank accounts remain active unless there are specific legal restrictions placed on them. However, they may not be able to access their accounts while incarcerated, depending on the bank's policies. Family members or a designated power of attorney may be able to manage the accounts on their behalf.


Can a new spouse bank account be held responsible for child support in colorado?

Stepparents are not responsible for their stepchildren. Spouses are not responsible for their spouse's child(ren). However, to collect unpaid support, the State may place liens on real and personal property, including bank accounts, owned by the obligor, even though the spouse is a joint owner.


What is difference between Number of bank accounts and bank account number?

Number of bank accounts is how many bank accounts and bank account number is the number that identifies the bank account.