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What are laws with siblings sharing a bank account and one takes all the money out but the other was who the money belonged too?
one of the problems with a joint bank account is everyone on the account has access to all the funds in the account. this also applies to overdrawn balances, if an account has a negative balance then all signers on the account can face the negative consequences. on the other hand if only one of the siblings in question is a signer on the account that person would have legal right to all the money in the account.
What else can I help you with?
Is it illegal to authorize money to be taken out of your account and then close account there after?
It is not illegal to authorize money to be taken out of your account and then close the account. However, if the money has been withdrawn and there are outstanding charges or payments, it is your responsibility to settle them even if the account has been closed. It is advisable to communicate with the recipient of the funds to resolve any outstanding issues.
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.
If you are power of attorney of your parent and your name is not on his bank account can you withdraw the money?
Yes, you can. Please bear in mind that there may be fiduciary issues in this, depending on what you intend. Especially if this concerns a potential inheritance and siblings. Consulting with a local attorney would be an outstanding idea.
Does a creditor have to have a court order for garnish a bank account?
Yes. A creditor can not just simply walk into a bank and demand your money. Only a court can have a creditor take money from your bank account. Actually, the court would probably order the bank to pay a certain amount to the creditor from your account rather than give the creditor the right to take money out of your account. A supreme court decision stopped that racket in Arizona.
Someone wrote you a check for 975.00 but there is no money in the account?
If someone writes you a check for $975.00 and there are insufficient funds in their account, the check will likely bounce or be returned unpaid when you try to cash or deposit it. You should contact the person who wrote the check to discuss the situation and potentially find an alternative payment method.
What are some of the advantages of sharing a joint bank account with a spouse?
Some of the advantages of sharing a joint bank account with a spouse include reduced account fees and access to a larger pool of money for both parties. The disadvantages include reduced privacy and the risk that one partner could withdraw most of the money.
How do you account for shareholders profit sharing?
you divide the total money the company has by the amount of shares that have been sold to get the share value, then you dish that out and then it is the shareholders money and they can do what they want with it
Does anyone have a runescape account with a lot of money and gear they can give to you?
Sharing, Buying And Selling RuneScape Accounts Is Against Runescape Rules. You Will be banned once you get someone elses account. please don't get yourself banned... ... ... ...
How can I withdraw money using my account and routing number?
To withdraw money using your account and routing number, you can set up an electronic funds transfer (EFT) or use a third-party payment service like PayPal. Simply provide your account and routing number to the recipient or service, and they can initiate the transfer from your account to theirs. Be cautious when sharing this information to protect your financial security.
What is money placed into an account?
money in a bank account, when u put money into an account it is called a deposit.
How can I securely lock my money in a bank account?
To securely lock your money in a bank account, choose a reputable bank with strong security measures in place. Set up a unique and strong password for online banking, enable two-factor authentication, and avoid sharing account details with anyone. Monitor your account regularly for any suspicious activity and report any concerns to the bank immediately.
My friend is not sharing her money help me wikianswers.com?
Her money, her choice.
Is debit money in or out of an account?
Debit is money that is taken out of an account.
Is the money depositable into this account?
Yes, the money can be deposited into this account.
Should you continue to pay on an account if you have been paying monthly on an account for two years with a collection agency who sold the account to another CA who in turn sold the account again?
Yes. Remember, it's you who borrowed/spent their money, regardless who it belonged to. The only thing that has changed is the company name I'm sure. hi am sachin rathore i am live in indore and presuining mca
How do I get money from an account at barnett bank?
If it's your account, you go in and ask them to give you your money. If it's not, then you don't get money from that account.
Can I wire money from my bank account to another account?
Yes, you can wire money from your bank account to another account.
