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Can you sign and make deposits for your mother if you are an authorized signer on her bank checking account?
If it is a governmental check, she needs to sign, or endorse, the check. As long as you are not taking money from the deposit of the check, you should be able to deposit it at the bank.
You can deposit money into anyones account with the account number and branch (the info can be provided on a blank cheque).
What else can I help you with?
Why are you asked your mothers maiden name when you open a bank account?
When opening a bank account, you are often asked for your mother's maiden name as a security measure. It serves as a form of identity verification to help confirm your identity and protect against fraud. This information is commonly used in security questions for account recovery and ensures that only authorized individuals can access sensitive information.
Can a minor account holder open a FD?
Yes, but they would need an adult (usually a family member - father/mother) to be a joint holder of the account. Minors who are under the age of 18 cannot hold individual bank accounts or fixed deposits accounts with banks unless they have a joint holder in the form of a major.
If my mother is an authorized user on my credit card and she is currently in the process of foreclosure would her foreclosure as an AU affect your credit?
No, having her listed as an authorized user will have no impact on your credit score.
Can I as executor and having joint account with my mother write checks to my siblings without a lawyer since my mother lives with me and has no debts?
Your status as executor has no bearing as to whether you have access to your mother's finances while she is living. Additionally, whether you live with your mother or whether she has debts or not has no bearing as to whether you have access to her finances. What you need is a power of attorney. That being said, if you are also named on your mother's bank account as an account owner, then you have full access to write checks on that account just like she does. Be careful that you are not listed as TOD (Transfer on Death) or POD (Pay on Death) though instead of an actual account owner. Those who are listed as TOD or POD have no right to the account funds until the account owner dies.
Can creditors garnish a joint savings account you had with your deceased mother?
Maybe. It depends on how the account is set up and the laws of your state of residency that governs creditor judgment actions. It also would depend on whether or not the amount in the account that was your mother's was probated according to state law.
You were an authorized user on your mothers account not a card holder and after her bankruptcy a collection agency is harassing you?
If you are an authorized user then it is not your debt but your mother's debt. Your mother's bankruptcy discharged (wiped out) the debt in question. The collection agency is not allowed to collect from you as, again, it is not your debt. This would not be the case if you were a joint debtor with your mother.
Is it considered a gift if mother deposits large amount in joint checking account and son uses it for home loan?
(Presuming that's what he was supposed to do eith the money)...yes, the method used to transfer the funds, cash, check, property, carrier pigeon, makes no difference.
Is a surviving spouse in Pennsylvania responsible for repayment of a credit card debt when his deceased wife was the authorized user on an account that was held by her deceased mother?
No. Only the account holder is responsible for repayment of debt incurred on a credit card. An authorized user is not responsible for repayment, but in this case if the now deceased AU continued to use the account after the death of her mother (the account holder), the AU's estate might be responsible for any charges made under such circumstances. In any event, the surviving spouse is NOT responsible to repay the CC debt.
Is it considered fraud to use mother cc after her death?
More than likey, yes, unless you're an authorized user, joint account holder or executor of her estate.
Since I am a signer on my mom's checking account when she dies will any of her tax debt be transferred to me?
Yes. Any tax liabilities that are due from a deceased individual get transferred to their legal heir. Since you are your mother's legal heir and a co-signer in her checking account, her tax debt would be transferred to you after her death. You need to pay the tax money your mother owes the government
How do you put your money order in your mother's checking account?
Money orders are a major source of fraudulent transactions, so you may find that your mother's bank will not allow you to deposit a money order made payable to you into her checking account. You should ask the bank if they will allow it and what requirements they have if they do allow it. They will likely request that both you and your mother be present, sign the check in front of the teller, and provide photo ID. If the money order is still blank on the front (i.e. no name is written in the "pay to the order of:" line), you can simplify things by making it payable to your mother and allowing her to sign and deposit it.
Will an eighteen year old college student is an authorized User on moms credit cards will he have a credit report?
In general, no, having a card on his mother's account will not go on his credit report, for good or bad. If the student gets a credit card with the account in his own name, possibly with his mother co-signing, that will go on his credit history.
If you had a joint checking account with your deceased mother will you have to put it an estate account?
Yes, typically when one of the joint account holders passes away, the joint account automatically transfers to the surviving account holder. However, it is advisable to consult with a legal professional to determine if any specific actions need to be taken, such as transferring the funds to an estate account.
Your mother died and left her daughter a joint account can anyone draw money out of that account?
No. As with any bank account only the account owner can withdraw money from the account. If the mother set up the account as a joint account with her daughter (with both mother's and daughter's name on the account as joint owners) the full ownership of the account passed to the daughter when the mother died. No one else can make withdrawals.
What is the legal age in Florida to open checking account?
If you want to open an individual account then you must be atleast 18 years old. But, if you are a minor (less than 18 yrs.) you can always open a joint account with any of your adult family members like mother, father, elder brother etc. banks do not say no to any customer who wishes to open a bank account (Unless they have a valid reason because the customer is bankrupt or has criminal record etc.)
Should a mother include her sons name on certificate of deposits?
ABSOLUTELY!
If there was a joint account between a daughter and mother and mother died can the daughter continue using the mothers separate and sole account at the same bank?
If mother and daughter have a joint account together and mother dies the daughter can continue to use the account or close it and reopen it in her own name. The daughter should be careful to account for any interest on her tax return. If mother also had a separate account at the same bank, the daughter has no right to use that separate account. That account should pass by will or by intestacy if there was no will.
