0
What happens to a joint bank account after someone dies and the second holder his wife to be was not yet put in his will but his sister was?
In the UK, where there is a joint bank account, any of the signatories on the account can do anything with the contents of the account. If one signatory dies, the position does not change and the remaining signatories can continue using the account.
HOWEVER, for the purposes of inheritance tax, the contents of the account at the time of death must noted and, (unless there is documented proof to the contrary), a sum equal to the content divided by the number of signatories on the account will be included in the tax/probate calculations for the deceased.
What else can I help you with?
Can the primary account holder add one more holder to the same account without consent of second holder?
It would depend on the terms and conditions of the account and what the account is about. Generically speaking, it may be that the second account holder shares the account equally with the primary and therefore both have to approve changes to the account. Alternatively, in many cases either of the primary account holders has full privileges to do anything without the knowledge or consent of the other.
Can a second mortgage holder foreclose on a first bank mortgage holder?
yes, but it rarely happens.
Can second holder be removed if dead from joint account?
Yes, most banks will remove a name from an account when presented with proof of death.
Can you remove a persons name from your checking account if they are not listed as a primary?
If the person's name is not listed as a primary account holder, you usually cannot remove their name from the account. Only the primary account holder can make changes to the account. A joint account holder can be removed if both parties agree, but it may be best to speak with your bank for specific guidance on your situation.
If you have a credit card can you get one for someone as a second card holder who has no credit and cannot get any and will that help their credit?
no-- they are just a second card holder (user). you can add someone without their signature-- therefore the place has no information on them so how could it help them. And beware --- they may not pay it back.
Can you have someones account for second life?
It is against Second Life terms of service to use an account belonging to someone else. Second Life accounts are non transferable.
Can adding a second card holder to your credit account affect your credit score?
Not if you are responsible for all of the loans or credit card payments on your credit report. But, if the second card holder is responsible for any payments on your cards, and doesn't make them, then it can cause your score to lower.
Can bank refuse to close fixed deposit if any issue with second holder?
Yes, a bank can refuse to close a fixed deposit if there are issues with the second holder, such as legal disputes or if the second holder is incapacitated. Most banks require the consent of all account holders to process such transactions. Additionally, if the account terms specify that both holders must agree for any changes, the bank will uphold those terms. It's advisable to check the specific policies of the bank in question.
Can a Landlord hold a rental check for 2 months and cause the rental a overdraft?
This is a two part question: The first part - the landlord can hold a check for 6 months. The second part - the landlord does not cause the tenant's account to overdraft. The tenant does. Checks may only be written from available funds. If the account holder does not account for the checks out, the account holder is liable.
Can a spouse have her name placed on your credit cards as a second card holder with out your authorization Can you be held financially liable for her debts in Florida these were not joint accounts?
Under Florida law a spouse cannot be held liable for debt repayment if the debt was not jointly incurred. The issue concerning the second card holder will need to be taken up with the creditor. If the couple were still legally married at the time, the creditor will probably accept the spouse's right to use the account. In which case the account holder will be held liable for all charges pertaining to the account in question.
What is second hand account?
A second hand account is one that is derived from a first hand account. A first hand account is a written record by someone who was actually there, like if a volcano erupted and someone was there and wrote a book on it, it would be a first hand account. Now, back to the main subject. If a person wrote a book on that same eruption, and used that book instead of being there (pardon my grammar), it would be a second hand account.
How do you find out if you are liable for a credit card that does not appear on your credit report?
The best option would be to contact the issuer of the card and ask if you are a joint account holder. If you are not on the account, they will not give you any information. If you are an authorized user/second card holder you are not responsible for the repayment of the account. The exception might be pertainint to laws that governing marital accounts in community property states.
