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Of course it would help to know what state you are in, however in most states:
Only the party that holds the account can access it. In the event the account holder is incapacitated or terminally ill, then it would be the next of kins responsibility to appoint a "gaurdian-ad-litem".
The name of this may vary in your state but the purpose is the same. You request the court for permission to handle the incapacitated persons affairs. That is assuming they do not have a living will. In that event a person has been named and a directive has been introduced.
Once the individual dies their Last Will (testate) will have specific bequest as to money, property (real and personal), bonds, etc...
If their is no will (intestate) then the next of kin needs to file a list of heirs with the probate court in the jurisdiction where the decedent resided.
Gets complicated from here.... hope this helped
What else can I help you with?
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.
Can a bank account in Delaware be levied for a court judgment?
Yes, a bank account in Delaware can be levied for a court judgment. If a creditor obtains a judgment against a debtor, they can potentially freeze or garnish funds in the debtor's Delaware bank account to satisfy the debt. It is important for debtors to be aware of their rights and seek legal counsel to understand the implications of a court judgment on their assets.
Can you go to jail for closing an account in Louisiana when you have a payday loan.?
In Louisiana, you cannot be arrested or sent to jail for simply closing a bank account when you have a payday loan. However, failing to repay a payday loan debt can lead to collection actions or a lawsuit against you. It is important to understand your rights and responsibilities when dealing with debts.
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.
How do you get bank statements dating back to 1991?
You can request bank statements dating back to 1991 by contacting your bank's customer service. They will be able to provide you with the necessary forms or instructions on how to obtain these statements. Keep in mind that there may be fees associated with this request, and it may take some time to retrieve older records.
When do we debit bank account?
We debit our bank account every time with withdraw (take out) money from our bank account.
How does a bank take money from an account?
A bank can take money from an account through various methods such as fees, charges, withdrawals, or transfers authorized by the account holder.
When to do we debit bank account?
We debit our bank account every time we withdraw (take out) some of our money.
Does the bank take money from your account?
Yes, the bank can take money from your account for various reasons such as fees, charges, or if you have authorized a payment or transfer.
Can creditors take a lien on your bank account?
NO!
What do you get when you open a bank account?
You get a bank account, of course. You can also get a card to use at machines so you can take money out.
Can bank take money from one account to pay into another?
If I'm a signer on my mom's bank account can a bank take her money to pay my past due credit card balance?
What can you do if your bank closed and you have an account with them?
Generally if a bank closes, another bank will buy the deposit accounts and take them over. Your checking account would be transferred to the new bank
What age do you have to be to take money out of your bank account?
-18
Can a bank take out money from your account to pay an agent?
no
How long does it take for a bank to return a check that went into the wrong account?
How long does it take a bank to return a check
You already have an account with us bank even though you are in chexsystems you want to use a new bank none will take you Does'nt your active account prove anything?
NO, IF A BANK USES CHEXSYSTEMS THEY WILL NOT CONSIDER THAT YOU HAVE AN ACCOUNT AT A BANK ALREADY AS A WAY TO DETERMINE IF THEY WILL OPEN AN ACCOUNT FOR YOU.
