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    Oneill474's Avatar
    Oneill474 Posts: 427, Reputation: 2
    Full Member
     
    #1

    Jul 23, 2011, 09:29 AM
    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
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    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's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #3

    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's Avatar
    Oneill474 Posts: 427, Reputation: 2
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    #4

    Jul 23, 2011, 03:16 PM
    Comment on ScottGem's post
    Thanks
    Oneill474's Avatar
    Oneill474 Posts: 427, Reputation: 2
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    #5

    Jul 23, 2011, 03:23 PM
    Comment on JudyKayTee's post
    Thanks so much. Contradicts Scott's Explanation
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #6

    Jul 23, 2011, 04:14 PM

    Not necessarily contradicts, I think Judy was answering from a different perspective.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #7

    Jul 23, 2011, 07:36 PM
    Quote Originally Posted by ScottGem View Post
    Not necessarily contradicts, I think Judy was answering from a different perspective.

    Yes, I was.

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