joint account if one die's does account close? how does it work?

0 ⤊

joint account if one die's does account close? how does it work?

2006-07-21 01:54:41 · 2 answers · asked by n47 1 in Business & Finance ➔ Personal Finance

2 answers

No, joint accounts mean that if you can prove the death or incapasity of one member, the other would asume full ownership and responsiblity of the account. It would not close.

2006-07-21 01:59:43 · answer #1 · answered by theaterhanz 5 · 0⤊ 0⤋

Account stays open and the other person can continue to use it as normal...

2006-07-21 08:59:51 · answer #2 · answered by tspbrady 3 · 0⤊ 0⤋