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Yes, in certain situations, an attorney may be able to obtain a court order to freeze a joint checking account in New York as part of legal proceedings. This is typically done to prevent the depletion of assets that may be subject to a legal dispute or judgment. Both account holders will be affected by the freeze.
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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.
Is an adult child responsible for debt on checking acct of parent if both names are on the acct at time of parent death?
It will depend on the laws of the specific state and how the account was set up. In general, joint account holders are usually considered co-owners of the account and may be responsible for any debts owed. It is advisable to consult with a legal professional for guidance on this matter.
What overrides a will?
A will can be overridden by a newer will that explicitly revokes the previous one. Additionally, certain legal actions or court decisions, such as marriage or divorce, can also impact the validity of a will. In cases where a will is found to be invalid due to lack of capacity, undue influence, or fraud, it may also be overridden.
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 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 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.
Joint checking account do both have to sign check?
no
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.
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.
Can you be on a joint checking account with bad credit?
You can be, although it will be undesirable to the person you're sharing the account with.
