Yes, joint bank accounts are subject to garnishments or levy for debts of any or all of the account holders and regardless of who puts the money in.
No. Credit history pertains to the individual. With the exception of joint accounts such as credit cards, not bank accounts.
Yes, in Pennsylvania, a joint back account can be levied. This is usually called a levying of bank accounts or garnishing wages.
A judgment creditor might be able to levy against a joint account where only one account holder is the debtor. It really depends how the bank account is held and the state laws pertaining to such. One example, joint marital bank accounts held in community property states are subject to levy even if only one spouse is the named debtor.
Yes, you can do that. Since you are the joint holder of the bank accounts of your mother and father, you can very well withdraw funds from the account. However it is better to provide your parents' death certificate to the bank and convert them into single holding accounts because your parents are deceased and they can no longer use the accounts.
Yes, joint bank accounts are subject to garnishments or levy for debts of any or all of the account holders and regardless of who puts the money in.
Some banks in Canada that offer joint bank accounts are: TD Canada Trust, Scotiabank, BMO (Bank of Montreal), ING Direct, and President's Choice Financial.
It is possible for Revenue Canada to freeze a person's bank account. This includes both single and joint bank accounts.
there is only certain things that probate law covers and joint bank accounts are not one. Non-probate property includes, among other things, jointly owned bank accounts, life insurance and pension benefits.
No. Credit history pertains to the individual. With the exception of joint accounts such as credit cards, not bank accounts.
Yes, in Pennsylvania, a joint back account can be levied. This is usually called a levying of bank accounts or garnishing wages.
no
Accounts that are subject to bank service charges.
A judgment creditor might be able to levy against a joint account where only one account holder is the debtor. It really depends how the bank account is held and the state laws pertaining to such. One example, joint marital bank accounts held in community property states are subject to levy even if only one spouse is the named debtor.
Your option...nothing requires one or the other.
Accounts that are subject to bank service charges.
Yes, you can do that. Since you are the joint holder of the bank accounts of your mother and father, you can very well withdraw funds from the account. However it is better to provide your parents' death certificate to the bank and convert them into single holding accounts because your parents are deceased and they can no longer use the accounts.