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How much money can you withdraw and put in a funeral fund when your elder is in a nursing home?
You should be Power of Attorney for this elderly person. This gives you the right to pay bills at the nursing home, any care for the elderly person, etc. If you have the power to do so, then take into consideration the request of the elderly person in their Will what type of funeral they wish. Funerals can cost up to $18 - $20,000 easily if one allows a Funeral Director to talk them into a very expensive casket with all the extras. A moderate funeral would be suitable. Some people prefer cremation and a Memorial Service is set up. It would be wise to seek advice from the banking institution where the accounts are and ask their opinion. You could put say $12,000 into an interest bearing account.
What else can I help you with?
Who can withdraw money out of a savings account?
The one who is elder then you if you are in underage, or if you aren't so then you can withdram
Can you withdraw money if you have a negative balance?
Some ATM's will let you withdraw money even when you are overdrawn. however if you go to a teller then you will not be able to withdraw any money.
Can you please withdraw money on our classic site instead?
Can you withdraw money on our traditional website instead?
How can i withdraw my money from my safeway credit union account?
Go to the credit union and tell them that you want to withdraw money.
Do you take out money when you withdraw it?
Yes, when you withdraw money from a bank account or ATM, you are taking out cash from that account. This process reduces your account balance by the amount of money you withdraw. The cash you receive is then yours to use as you wish.
What is the opposite of the word deposit?
The opposite of "deposit" is "withdraw." Deposit involves putting money into an account or storage, whereas withdraw involves taking money out of an account or storage.
Can PayPal withdraw money from my bank account?
Yes, PayPal can withdraw money from your linked bank account if you have authorized them to do so.
Can you withdraw money anytime from your reccuring account?
No. Recurring Deposits have a maturity date and you can withdraw the money only after the deposit matures. If you want to withdraw the money before maturity date, the bank will charge you a penalty for doing so.
Can a social security card be used to withdraw money?
No, you cannot use a social security card to withdraw money. A social security card may be useful if you want to open a bank account, though, and you can withdraw money from that.
Is it possible to withdraw money from passbooks in any BPI banks now?
You can't withdraw money from any BPI branch... You can only withdraw from the BPI branch where you opened your Passbook account.
Is it possible to withdraw money from passbooks in any metro bank branches?
is it possible to withdraw money from passbook in any metrobank branch
What happens if you sell a stock but don't withdraw money?
If you sell a stock but don't withdraw the money, the funds will typically remain in your brokerage account until you decide to withdraw them or reinvest them in another investment.
