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Oneill474
Jul 23, 2011, 09:29 AM
I already know if a credit card is in your name, and you die. Members of your family are not
Responsible for the account. Of course any funds that are in the deceased name could be confiscate.
But what if the decease person has a joint account like his wife, could the credit card company
Attach these funds??

Florida

JudyKayTee
Jul 23, 2011, 11:06 AM
Yes, joint monies belong equally to both parties. Each party can use 100% of the account.

Therefore, yes, the bank accounts can be seized.

ScottGem
Jul 23, 2011, 12:22 PM
If a person dies and they have joint bank accounts with right of survivorship, then with the death the accounts become the joint owner's property. So they would not be attachable for debt that was the deceased's alone. Any other accounts, would have the deceased's share go into his estate and the creditor can make a claim against the estate.

Oneill474
Jul 23, 2011, 03:16 PM
Thanks

Oneill474
Jul 23, 2011, 03:23 PM
Thanks so much. Contradicts Scott's Explanation

ScottGem
Jul 23, 2011, 04:14 PM
Not necessarily contradicts, I think Judy was answering from a different perspective.

JudyKayTee
Jul 23, 2011, 07:36 PM
Not necessarily contradicts, I think Judy was answering from a different perspective.


Yes, I was.