|
|
01-14-2013, 05:18 PM
|
#71
|
Senior Member
Join Date: Jan 2011
Location: Beaumont, TX
Posts: 258
|
Quote:
Originally Posted by flaggship1
The number of accounts and who they belong to has no bearing on how decisions are made or money is spent. Accounts are just that. A place that money is parked. Powers of attorney, wills and directed beneficiary accounts like insurance policies, 401k, Roth accounts, trusts and annuities for husbands and wives are useful financial tools. We have separate accounts for many reasons. None of them have to do with a lack of trust or selfishness. We both have access to all of the "papers" needed to provide access to any account should the other be "unavailable". We make our decisions together and chart our course as one. If the measure of a marriage is how money is banked and in whose name then I'm genuinely confused but it works for us. YMMV
|
X2
__________________
Drake, Kathy, & Kaitlyn
2006 Fleetwood Bounder 35E Gasser
|
|
|
|
Join the #1 RV Forum Today - It's Totally Free!
iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!
|
01-15-2013, 02:41 PM
|
#72
|
Senior Member
Join Date: Aug 2001
Location: North America somewhere
Posts: 30,963
|
I insisted DW and I have a separate bank account in addition to our joint account.. Even if both of your names are on a joint bank account, and one dies, the bank may not allow the surviving spouse to write checks on that joint account until probate is completed. A death of a spouse is enough stress, without adding a problem of immediate money access.
|
|
|
01-15-2013, 02:52 PM
|
#73
|
Moderator Emeritus
Join Date: Jan 2007
Location: Litchfield Park, Arizona
Posts: 10,530
|
Quote:
Originally Posted by Ray,IN
I insisted DW and I have a separate bank account in addition to our joint account.. Even if both of your names are on a joint bank account, and one dies, the bank may not allow the surviving spouse to write checks on that joint account until probate is completed. A death of a spouse is enough stress, without adding a problem of immediate money access.
|
Really? It was my understanding that probate wasn't required in all states or all circumstances.
Rick
__________________
Rick, Nancy, Peanut & Lola our Westie Dogs & Bailey the Sheltie.
2007 Itasca Ellipse 40FD
|
|
|
01-15-2013, 07:07 PM
|
#74
|
Senior Member
Workhorse Chassis Owner
Join Date: Jun 2006
Location: Northwestern Montana
Posts: 3,514
|
Quote:
Originally Posted by RickO
Really? It was my understanding that probate wasn't required in all states or all circumstances.
Rick
|
I think your correct Rick, I can attest it is not required in California.
__________________
Dieselclacker
|
|
|
01-16-2013, 08:23 AM
|
#75
|
Senior Member
Tiffin Owners Club
Join Date: May 2010
Location: San Felipe, Baja,MX
Posts: 280
|
Banks, joint accts, probate
Whether or not a spouse or other persons on a joint checking or savings account will be able to use that account if one of the co-owners dies depends on what state your in and the bank rules. Check with your bank in person don't just call. When you call you never know the depth of the knowledge of the person your talking to even in person sometimes they are wrong! Also check with your Attorney in the state your accounts are located. Do I sound a little paranoid? I've been burned by folks who thought they didn't need probate or could use accounts, sell real estate and other belongings when they didn't have that right. When neglecting to understand the law and the bank's rules can cause some unpleasant and expensive problems at one of the worst times in your or your loved ones life.
__________________
"Travel is fatal to prejudice, bigotry, and narrow-mindedness"
-- Mark Twain
|
|
|
01-16-2013, 08:19 PM
|
#76
|
Senior Member
Join Date: May 2012
Posts: 2,792
|
I was joint on both my mother's and my aunt's accounts - checking, savings, & investments. I didn't probate and was able to get access to everything. I even sold my aunt's house. She had a quit claim deed giving the house to me. This was in FL.
__________________
Gene, Gayle, & Oliver
2006 Holiday Rambler Endeavor 40 PDQ/2012 Honda CRV
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Discussions |
|
|
|
|
|
|
|
|
|
|
|
|
|