Call the bank, explain the situation and what you're trying to do. You may need a copy of the death certificate to complete the change.
No. Any assets held by you and your spouse as joint tenants became your sole property automatically upon his/her death. You are the sole owner. Any property owned solely by the decedent would pass according to a will or according to the state laws of intestacy if there was no will. You can check the laws of intestacy for your state at the link provided below.
No, not directly. Indirectly the non debtor spouse may find that he or she has a shared joint account levied or joint property encumbered by a judgment against the debtor spouse.
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.
Illinois is not a community property state, therefore a spouse who is not a joint account holder is not responsible for the credit card debt of the other spouse.
Condolences for your loss. To answer your question, not only no, but hell no! Unless you were a joint account holder, you have no liability for your deceased mother.
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.
Yes.
yes
If you acquired the property as joint tenants with the right of survivorship then you automatically own the property as the surviving spouse. You do not need to record a new deed. You need to record a copy of the death certificate in the land records as notice that the other joint tenant has died. Any professional checking the title to your property will note the joint tenancy recited in your deed, see the death certificate for your spouse and know that by operation of law you are now the sole owner of the property.
Depends on the state you live in. * If the married couple resided in a community property state the surviving spouse might be held accountable for the debt even though the loan was only in the name of the deceased spouse. In all other states the surviving spouse is not responsible for debt that is incurred solely by a living or deceased spouse.
As long as the couple did not reside in a community property state and the spouse was not a joint account holder the spouse is not responsible. However depending on the probate laws of the resident state, a portion of the deceased's estate may be used to pay outstanding debt(s).
AnswerIf the surviving spouse was not a joint borrower on the vehicle loan the repossession affect/appear on their credit report.
You should speak to a bank representative to determine if the bank will allow the check to be deposited in your joint account.
Alabama is not a community property state, the surviving spouse is not responsible for creditor debt unless he or she was a joint account holder.
She needs to get a checking account in her own name, which means that you both will need to put money into the joint account until it is at least a zero. If you stiff the bank, then it will not be possible for either of you to get a checking account anywhere until you pay the amount owed. As they say, "you don't want to go there."
No, they cannot.
When a spouse dies, the ownership of the savings and checking accounts depends on how they were set up. If the account was joint with right of survivorship, the surviving spouse will usually be entitled to the money. However, if the account was in the name of the deceased spouse alone, it will typically be included in their estate and distributed according to their will or state laws of intestacy. It's best to consult with an attorney to understand the specific laws in your jurisdiction.