If there is a will, then the beneficiary gets the money. If there is no will all the children of the decedent get an equal share of the money.
Yes, your parents can transfer money to your bank account if they have the necessary information to do so, such as your account number and the bank's routing number. They can typically do this through online banking, mobile banking, or by visiting a bank branch.
A joint bank account belongs to the surviving owner.
They actually don't need anything. However if someone needs to withdraw the money from that account of the deceased person they must:provide proof that the person is actually deceased (A death certificate)provide proof that he/she is the legal heir of the deceased (A will or a relationship proof that they are the son/husband/wife/daughter of the deceased)Once the bank verifies these documents, they will release the funds from the deceased persons accounts to you. Without these you cannot take any money from that account.
In most cases, parents cannot legally take money from their child's bank account without permission. However, it depends on the specific circumstances and the laws in your area.
No, in most cases, parents cannot legally withdraw money from their child's bank account without permission once the child turns 18.
A children's bank account is usually a custodial savings account. This type of savings account allows parents to save money for their children's futures.
I have never transferred money from my bank account to a person from Senegal since most of them are usually scammers.
File for probate in the country where the bank account is held.
A power of attorney represents a living person, so any power of attorney is no longer valid. They would have to be on the bank account or the executor to legally take the money out.
A Fat Cat Account is a bank savings account designed for children. The parents can open the Fat Cat account for the child, then help them learn about saving money and using a bank account.
It is possible for it to happen. They would have to have a court order to do so.
They certainly may not do so. It is a breach of their duty and could be criminal.