Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Credit (https://www.askmehelpdesk.com/forumdisplay.php?f=84)
-   -   Credit Card Accounts (https://www.askmehelpdesk.com/showthread.php?t=588990)

  • Jul 23, 2011, 09:29 AM
    Oneill474
    Credit Card Accounts
    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
  • Jul 23, 2011, 11:06 AM
    JudyKayTee

    Yes, joint monies belong equally to both parties. Each party can use 100% of the account.

    Therefore, yes, the bank accounts can be seized.
  • Jul 23, 2011, 12:22 PM
    ScottGem

    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.
  • Jul 23, 2011, 03:16 PM
    Oneill474
    Comment on ScottGem's post
    Thanks
  • Jul 23, 2011, 03:23 PM
    Oneill474
    Comment on JudyKayTee's post
    Thanks so much. Contradicts Scott's Explanation
  • Jul 23, 2011, 04:14 PM
    ScottGem

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

    Originally Posted by ScottGem View Post
    Not necessarily contradicts, I think Judy was answering from a different perspective.


    Yes, I was.

  • All times are GMT -7. The time now is 05:53 AM.