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I would like very much to say "Yes", but the advantages of compounded interest, especially on a small amount, would have been eroded by various taxes and bank charges applied to the account, not to mention your probable failure to declare the interest earned as income.

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Can you buy a timeshare for a condo while still in a Chapter 13 or do you need the trustee's permission to do so?

No. All financial transactions that are not considered necessities have to have the trustee's agreement in advance.


When you receive a savings bond worth 100 dollars can you cash it right away?

The tradition of giving someone a savings bond as a gift has largely disappeared since all purchases must now be done electronically. As of January 1, 2012, paper savings bonds are no longer issued by the U.S. Treasury although millions of Americans still hold previously issued paper savings bonds. Typically, a savings bond cannot be cashed in shortly after purchase. For example, a purchaser of the I or EE Savings Bonds must hold the bond for one year before being allowed to cash it in and an early redemption penalty applies if redeemed before 5 years.


Who bought First Federal Savings and Loan Association of Philadelphia?

I have a savings certificate account number-027506, would like to know if it is still active?


Is a savings account really going to help you save money?

Yes, a savings account will really help you save money if you remain loyal to the fact that it is a savings account. You still have access to your money, but it's up to you to keep it saved.


If money from a trust fund has been spent would you still be able to locate the trust if so how do you go about collecting funds from said trust or can you?

You would need to review the document that created the trust to find the identity of the trustee and then contact the trustee. You can collect funds from the trust only if the trust document names you as a beneficiary.

Related Questions

Can Freedom center stamp books still be redeemed?

Yes


What is the responsibility of a trustee if the parent is still living?

I D'NT KNOW


Can a current trustee bind a successor trustee?

It would be possible depending on the details. For example, the current trustee could execute a valid lease on behalf of the trust. If a successor trustee was appointed, the trust would still be subject to the terms of that lease so the successor trustee would be obliged to honor it.


Is a 1931 Irish shilling rare?

It would be rare, but not very rare. Lots of people would still have them. The Eireann 1931 "Proof" Shilling is quite rare.


Can a Government Bond Keep a Trust Safe from A Trustee using Moneys?

The trustee would still have control over the government bond and could make changes depending on the type of bond. Also, if a bond reaches maturity it will be paid over to the trustee. Remember that the trustee of a trust holds legal title to and has control over all the assets of a trust.The trustee would still have control over the government bond and could make changes depending on the type of bond. Also, if a bond reaches maturity it will be paid over to the trustee. Remember that the trustee of a trust holds legal title to and has control over all the assets of a trust.The trustee would still have control over the government bond and could make changes depending on the type of bond. Also, if a bond reaches maturity it will be paid over to the trustee. Remember that the trustee of a trust holds legal title to and has control over all the assets of a trust.The trustee would still have control over the government bond and could make changes depending on the type of bond. Also, if a bond reaches maturity it will be paid over to the trustee. Remember that the trustee of a trust holds legal title to and has control over all the assets of a trust.


Can Gold Bond Stamps still be redeemed?

Yes, information can be found at the site below.


Can you still claim bankruptcy with a savings account Can I still keep my savings during a BK?

Probably not; it depends on what the court arranges for you.


How do you find out if an Oklahoma Trust is still in existence?

The first step would be to ask the trustee. If the trustee is not forthcoming, you would need to demand and possible sue for an accounting.


Is an incapacitated trustor still a trustee?

A trustor and trustee are two different entities. A trustor is the entity that executes a Declaration of Trust that includes all the provisions that govern the trust. The trustee is the entity or person who is appointed to manage the trust property. There should be a provision in the trust that provides instructions for the appointment of a successor trustee.


Can you buy a timeshare for a condo while still in a Chapter 13 or do you need the trustee's permission to do so?

No. All financial transactions that are not considered necessities have to have the trustee's agreement in advance.


When you receive a savings bond worth 100 dollars can you cash it right away?

The tradition of giving someone a savings bond as a gift has largely disappeared since all purchases must now be done electronically. As of January 1, 2012, paper savings bonds are no longer issued by the U.S. Treasury although millions of Americans still hold previously issued paper savings bonds. Typically, a savings bond cannot be cashed in shortly after purchase. For example, a purchaser of the I or EE Savings Bonds must hold the bond for one year before being allowed to cash it in and an early redemption penalty applies if redeemed before 5 years.


Can someone be a trustee with a ccj?

Yes, someone with a CCJ (County Court Judgment) can still be a trustee. However, having a CCJ may impact their ability to manage finances and assets as a trustee, as it can indicate past financial issues. It is advisable to disclose the CCJ when applying to be a trustee and to consider how it may affect their suitability for the role.