Anyone WAH? What do you do?

iVillage Member
Registered: 01-06-2007
Anyone WAH? What do you do?
73
Sun, 05-11-2008 - 2:05pm

Hi there!



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iVillage Member
Registered: 01-07-2007
Thu, 06-26-2008 - 9:44am

Well, I don't suppose to know all the details of their money/bank account situation.

iVillage Member
Registered: 07-23-2003
Thu, 06-26-2008 - 9:51am
The work MINE....is what doesn't sit well with me.

iVillage Member
Registered: 05-14-2006
Thu, 06-26-2008 - 9:55am

iVillage Member
Registered: 07-17-2007
Thu, 06-26-2008 - 9:58am

The six months is the stickler. It shouldn't take nearly that long. How long does it take to get a death certificate?

In your banking days, how many times did your bank freeze the assets in a joint account? Was it protocol for every death of a joint holder? Or did there have to be a special reason?

iVillage Member
Registered: 01-07-2007
Thu, 06-26-2008 - 10:02am

Aww, what a sweetie!

iVillage Member
Registered: 01-15-2006
Thu, 06-26-2008 - 10:12am
it dpended.

 

iVillage Member
Registered: 07-17-2007
Thu, 06-26-2008 - 10:38am

What I think you are saying, is that the surviving joint holder still had access to the money and instead of removing the deceased name from the account they just pulled the money out and closed the account. Which means they still had access to the money.

In your "example" of the old person dying and having his/her account frozen in addition to his/her safety deposit box- were they joint accounts with a survivor or single accounts?

Your comment about "old money" is extraneous - unless old money is treated differently than "new" money.

In you divorce "example", I would expect that it is not the case in ALL divorces and that there has to be some sort of legal document instructing the bank to freeze assets.

iVillage Member
Registered: 06-25-2008
Thu, 06-26-2008 - 12:35pm
I understand that but that isn't even the first instance I have heard of that happening. Every State is different, in some states however regardless of it being a joint account, the account will be frozen until the
baby Daisypath Anniversary Years Ticker
iVillage Member
Registered: 06-25-2008
Thu, 06-26-2008 - 12:38pm
In some states, joint accounts will freeze untill an executive is named.
baby Daisypath Anniversary Years Ticker
iVillage Member
Registered: 03-27-2003
Thu, 06-26-2008 - 12:41pm

Your idea of having a seperate account to protect you in the event of your spouse's death is akin to keeping a little cash stuffed under the matress.

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