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Is the survivor of a joint checking account responsible for the deceased credit card debt?
Wiki User
∙ 11y ago
Yes - if the account is in joint names, and one of the named people dies, the surviving person assumes all liability for the outstanding balance.
Wiki User
∙ 11y ago
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If your name is on a checking account with someone else and she passes what happens to the balance on the checking account?
It depends on your relationship to the deceased and if there was a will.
Can collection agency freeze checking account if you have survivor's benefits?
No, only if the survivor benefits are your only source of income they are non garnishable.
Are you responsible for your deceased mother's debt with an applicance store?
If you were not listed as a joint account holder you are not responsible for the debt.
If you had a joint checking account with your deceased mother will you have to put it an estate account?
Yes, typically when one of the joint account holders passes away, the joint account automatically transfers to the surviving account holder. However, it is advisable to consult with a legal professional to determine if any specific actions need to be taken, such as transferring the funds to an estate account.
Who is responsible for paying taxes of the deceased?
His estate...which is actually him continued after death for business purposes. I have received a tax levy in my deceased husband old business account from 2004 Am I responsible
Is a surviving spouse in Pennsylvania responsible for repayment of a credit card debt when his deceased wife was the authorized user on an account that was held by her deceased mother?
No. Only the account holder is responsible for repayment of debt incurred on a credit card. An authorized user is not responsible for repayment, but in this case if the now deceased AU continued to use the account after the death of her mother (the account holder), the AU's estate might be responsible for any charges made under such circumstances. In any event, the surviving spouse is NOT responsible to repay the CC debt.
If a person is added to someone's checking account are they both responsible for an overdraft?
yes both partys will be responsible
Member of joint account does what happens for survivorship?
When a joint owner dies their interest passes automatically to the surviving owner. The survivor is the sole owner of the account and can close it or make changes. For example the survivor can take the decedent's name off the new checks for the checking account.
Are you responsible for the debt if you are a 'card holder' on your deceased father's credit card account?
If you have a card with your name on it usually you are considered a joint account holder and are responsible for the debt incurred on that account. If a consumer is listed as an authorized user (they do not have a card with their name) he or she is not responsible for the debt.
Is an additional card holder only responsible for card debt of a deceased person?
no not responsible, only if you are a co-signer/joint account holder
If you live in Louisiana is a wife responsible for the credit card debt of her deceased spouse when the account was in his name only?
No... No...
Is it a US checking account or an US checking account?
A US checking Account
