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Your sister has a joint bank account with your father what happens to his half after his death?
Upon your father's death, his half of the joint bank account would typically pass directly to your sister as the surviving account holder. It would not be included in his estate and would not go through probate.
Can a husband open a bank account in both his name and spouses name without spouses consent?
In most cases, a husband cannot open a joint bank account without his spouse's consent. Both parties typically need to provide consent and identification to open a joint account. It is important to check the specific laws and regulations in your jurisdiction.
Can you sue your girlfriend because she took the money out of your joint account and open her own after you earn much more than her?
It is advisable to consult with a legal professional as laws can vary depending on the circumstances and jurisdiction. However, generally speaking, if your girlfriend took money from a joint account without your consent, you may have legal grounds for a civil lawsuit to recover the funds.
What overrides a will?
I assume this question refers to transferring a decedent's property to someone other than the person named in the will. Remember that a will transfers property owned by the decedent alone. Essentially, the only thing that "overrides" the will is jointly owned property and even that does not always do it. If a will gives all of a decent's property to say 2 children, but the decedent's money was in a joint bank account with only 1 of the children, then the money in that account belongs to the joint owner. There are exceptions though. If that money is needed to pay the decedent's debts, then it can be recovered by the estate in an amount equal to the unpaid debt. Another exception is if it can be proved that all the money in the account belonged to the decedent and that the account was set up as a joint account solely for purposes of having the joint owner take care of paying the decedent's bills and if the decedent did not intend for the joint owner to get that money alone, then the account is a "convenience account" and may be recovered by the estate. So in those 2 instances a joint bank account will not override the will.
Is an adult child responsible for debt on checking acct of parent if both names are on the acct at time of parent death?
No, not necessarily. It is not the same as a husband and wife being 'joint' on an account. The holder of the debt would have to prove that you (the adult child) benefitted in some way from whatever it was that was purchased with the parent's check -or- that you were a co-signer to some contract or sales agreement for which the parent was paying. If any money is allegedly due and owing to a claimant, they will have to file a lien against your parent's estate and prove to the court that it is a legitimate debt.
Do I as a joint person on a checking account have the right to the check book One of the owners of this account has another person with power of attorney handling the account?
Yes. As a joint owner of the account you have as much right to the account as the other joint owner.
Your father gave you power of attorney for all financial matters He has a joint account with his wife Do you have any control over the money in his joint account?
You have the ability to represents the living person. That would include the ability to empty a checking account.
If you have a joint checking account in Michigan can a credit card company freeze the account?
Yes, if a creditor wins a lawsuit and is granted a judgment, said judgment can be enforced as a bank account garnishment. A joint account (even a marital one) is subject to attachment to the extent of the debtor's share.
Can they freeze your child account if you are on it?
It depends on how you are "on it". If you are a joint-account owner, then yes they can freeze that account. If you are listed as the guardian of the child (therefore the account is in the child's name, but you control the account) then no they cannot freeze it.
Can a joint checking account be frozen if the account holders are not married?
yes it can..the banks does not care if it is a joint account or not and they do not care if you are married
Can revenue Canada freeze a joint bank account?
It is possible for Revenue Canada to freeze a person's bank account. This includes both single and joint bank accounts.
Joint checking account do both have to sign check?
no
Can you get out of a joint checking account?
Yes. If you want to get out of a joint account, you can contact the bank and submit a written request to be removed as a joint holder of that account. The other parties involved in the joint account have to approve your removal from the account, only then the bank will complete the formalities.
Can a collection agency put a levy on a joint checking account in Texas if the debt was your spouse's prior to your marriage?
In Texas, a collection agency can potentially levy a joint checking account, even if the debt was solely your spouse's prior to your marriage. Joint accounts are considered the assets of both account holders and are subject to collection efforts. It is advisable to consult with an attorney for specific legal advice regarding your situation.
Can I add another person to my checking account?
Yes, a member can add anyone, age 18 or older, as a joint owner to his/her account. As long as the joint individual is eligible for a checking account through the credit union or bank. This person has total access to do transactions on only the specific account they are joint on.
Can you be liable for debt if someone adds you to their checking account?
If you are added as a joint owner on someone's checking account, you may have some responsibility for any debts or liabilities associated with that account. It depends on the terms and conditions of the account and the agreement you have with the other account owner. It's important to carefully consider the implications and potential risks before agreeing to be added to someone else's checking account.
Is a joint checking or savings account considered part of an estate?
No. Ownership of a a joint account passes automatically to the surviving joint owner unless it can be proven that the account was set up as joint for purposes of convenience only by the decedent.
