Sentences with phrase «hold joint accounts»

This is a big issue because some family members try to hold joint accounts in a misguided attempt to bypass probate fees.

The exact rules about what counts as «UK regulated», the links between institutions, and holding joint accounts make it more complex.

Your spouse's credit score can affect you when you continue to hold a joint account.

Some financial institutions may also require you to reapply on your own on previously held joint accounts.

When two people hold a joint account, they each have an equal right to its balance, regardless of whether or not they're married.

Not exact matches

Whether one person is holding the purse strings on your joint account or both, you've got to keep a close eye on the account together.

Unless you have two separate debit cards for your joint account, which is possible, you might want to select one person to hold on to it.

he served with KPMG from 1977 to 2002 and held a number of senior positions, including the general manager of KPMG's joint venture accounting firm in Beijing, the managing partner in KPMG's Shanghai office and a partner in KPMG's Hong Kong Office.

However, anyone that cosigned a loan, is a joint credit card account holder or that wants to retain certain property may be held liable for your debt.

Examples of will substitutes include: life insurance, retirement accounts, annuities, custodial accounts, trusts, government savings bonds, property held by joint tenancy, property transferred by deeds of title or gifts, and payable - on - death or transfer - on - death accounts.

But, Kavanagh added, the remainder of the monthly pension checks would go into a joint account held by the Ulster County District Attorney's Office.

The FDIC provides separate insurance coverage for deposits held in different ownership categories such as single accounts, joint accounts, Individual Retirement Accounts (IRAs) and trust accounts.

Each spouse receives their own discretionary spending money in their own separate interest bearing checking account each month, with all other funds being held in joint accounts.

Loan cosigners and joint account holders can be held responsible for debt, and family members may have to pay debts for inherited property they intend to keep.

But if you are listed as holding the account jointly, that changes the question to: «I am listed as joint on someone else's checking account, but it isn't my money - how is that considered?»

College students will be required to receive permission from parents or guardians in order to increase credit limit on joint accounts they hold with those adults.

The GIC Bonus Rate Offer is available for 1 - year Non-Redeemable and 1 - year Redeemable Guaranteed Investment Certificates that are issued in respect of deposits made in Canadian dollars for an amount between $ 1,000 CAD and $ 500,000 CAD; not held in any registered plan, such as Registered Retirement Savings Plan, RRIF or Tax Free Savings Account, and issued to one or more individuals who qualify for the HSBC RBWM Newcomers Program under s. 2 within 6 months of the opening of any sole or joint Eligible Account held or closed by such persons.

We currently offer individual accounts, owned by one person; retirement accounts, such as traditional deductible IRA accounts, Roth IRAs, and Simplified Employee Pensions; and joint accounts that can be held by more than one person.

A joint account may be held as Tenants in Common if when the account is opened the joint owners enter into the Bank's agreement for accounts held as Tenants in Common and designate the percentage of the funds to be paid to the survivor (s) on the death of a joint owner.

Further, if a depositor has an account, in that depositor's name solely, and that depositor owes the Bank money, you agree that any money held in a joint account with that depositor and you may also be used to pay the debt.

If you're under 12, as with most banks, the account is a joint one held with a parent or guardian.

On the other hand, a joint credit card account or mortgage you've both signed for is a joint debt, meaning both you and your spouse are on the hook and the bankruptcy of just one of you will leave the other holding the bag — or the debt, as it were.

For accounts held jointly, use the primary account holder's (first person listed on joint account) import code.

A joint bank account is a bank account held by two or more people.

Joint account holders shall hold Tower harmless for any and all transactions made by anyone who is authorized on the account.

You agree to indemnify and hold the Credit Union harmless from all costs, including attorney's fees, damages, or claims related to our refusing payment of an item under your stop payment order, including claims of any joint account owner, payee, or indorsee, or related to in failing to stop payment of an item as a result of incorrect information provided by you.

Some states hold spouses liable for the other's debt even if the account wasn't a joint account.

My mother is involved in a dispute with her recently deceased partners daughter, who is demanding to see records of the joint bank account she held with her partner.

They pay for the standard court services that help verify and legally transfer a person's estate to a chosen heir (and certain assets are exempt, such as property held as joint tenants or registered accounts with designated beneficiaries).

Ally CDs can be held in either an IRA (Roth or Traditional) or a taxable account (individual, joint, trust, etc.).

And secondly, Chase is one of a number of banks that no longer offers jointly held credit card accounts, though they continue to support joint accounts opened before making this policy change a little more than a year ago.

In addition, you have a joint account that holds $ 500,000.

You acknowledge and pledge to the Credit Union a statutory lien in my / our shares and dividends on deposit in all joint and individual accounts and any monies held now and in the future, to the extent of any loan made and any charges payable.

An authorized user just gives a person the authorization to use the card, but as a joint account holder, you will also hold the responsibility of that card — meaning; you would be equally and fully responsible for the debt.

The spousal Roth IRA must be held separately from the Roth IRA of the individual making the contribution, as Roth IRAs can not be held as joint accounts.

Since many creditors won't let you add a joint account holder to an existing account, you'll need to open a new line of credit if you want to hold it jointly with another person.

In August 2013, the DOJ issued a joint statement with the Swiss Federal Department of Finance announcing the Swiss Bank Program which, subject to certain conditions, encouraged Swiss banks not subject to ongoing criminal investigations to disclose information about accounts held by US taxpayers and pay a penalty in exchange for an NPA.

A joint account is as vulnerable as a sole account held by the person liable but the other account holder is given plenty to shout about.

The Parliamentary Joint Committee on Corporations and Financial Services has now completed its report on the life insurance industry, recommending substantial reforms to better hold the industry to account.

If your inheritance is cash and you deposit it into an account held in joint names with your spouse, you've commingled it.

One integral step is to see what is currently held jointly and if anything comes out of that joint account, ensure it is divided as fairly as possible.

These conditions may be evidenced in a variety of ways, including the couple's living together (although no minimum period of cohabitation is required), raising children together, using the same surname, wearing wedding rings, filing joint tax returns, holding joint checking and savings accounts, and listing each other as spouses on health plans, retirement accounts and life insurance policies.

If you are considering a divorce, you should take a full inventory of all of your joint accounts including any real estate holdings,...

If you and your spouse held joint bank accounts, it is time to close those suckers out and open your own accounts.

Pay off any joint debts as soon as possible and cancel all jointly held credit cards and to set up individual credit accounts.

Assets such as real estate, automobiles, bank accounts and stock accounts that are held in joint tenancy with right of survivorship will pass to the surviving joint tenant upon your death, and not in accordance with any directions in your will.