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I had an account as a minor with one parent that had money coming in from social security from the death of my other parent. This account was closed after my 18th birthday with no money. Am I able to get any of the money back that my one parent took out of it?
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answered on Dec 27, 2023
In Iowa, if you had a joint account with a parent that was closed and emptied without your knowledge, particularly after turning 18, your entitlement to the funds depends on several factors. Joint accounts typically grant equal rights to all account holders, meaning either party can withdraw funds... View More 
I'm considering adding someone to my bank account with limited access so they can help manage the account. However, I'm concerned about whether the account could be affected due to any collection situations. Can the account be targeted by creditors if I add them?
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answered on Apr 16, 2025
Yes, your bank account can be exposed to risk if you add someone as a joint account holder—even if they have limited or passive access. Creditors don’t look at who deposits the money; they look at whose name is on the account. If the person you add has outstanding debts or active judgments, a... View More
My girlfriend and I have lived in a home together for 7 years in Iowa. We recently split up and I am living in the home. I am on home title/deed, but I am not on the mortgage. My ex is the sole mortgage holder. I am paying her the monthly mortgage. We have a written agreement that is notarized that... View More
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answered on Oct 6, 2023
Girlfriend is not the mortgage holder. That is the lender and whoever signed the note is personally liable to them. Whoever signed the mortgage is the mortgagee. The mortgage probably has a due on sales clause which might be violated by executing your agreement. Then foreclosure might occur.... View More
They also informed us when we asked about a larger sum back than usual that it was just over estimated taxes during the previous calculation.
They now want us to pay monthly on insurance and pay more into the escrow on a new signed agreement.
Is this legal since our previous... View More
answered on Jun 8, 2023
If you signed the "new signed agreement," you are most likely bound by its terms, even if they are different from the previous agreement you had with your bank.
If you did not sign the new agreement, your bank is most likely bound by the terms of the previous agreement you had... View More
The checks came back as fake and now my bank wants me to pay all the money back to them. I'm on Social Security Disability and can't afford to do that. Since my bank is FDIC insured, won't they get their money back that way? Am I really obligated? After all, the only true victim is... View More
answered on Sep 3, 2020
FDIC insurance covers you (the funds in your deposit account) if the bank fails (kind of like going bankrupt). As an account holder you are responsible to the bank for all checks deposited into your account. This is covered by law (under the Uniform Commercial Code) in every state, and all banks... View More
A bank denied credit before we signed. Dealer never told us but had same banks name on contracts as assignee.
answered on Jan 5, 2020
This question is too fact intensive for an online forum. You need to immediately retain an Iowa attorney to obtain an informed opinion.
the bank has an on going lawsuit against them and signed off on the loans to be transferd to another bank and the transfer was completed for months now. Now they filed a deficancy on the farm and sold it without our knowledge and now are evicting us. what can be done to stop this?? They also... View More
answered on Nov 23, 2019
You need to immediately consult with an Iowa attorney who handles real estate matters and farm foreclosures in particular.
answered on Sep 5, 2019
I guess. I have no idea without facts, type of fraud, date of discovery and so many more questions
My grandson is high functioning autistic. He works full time and gets paid every 2 weeks. I have durable power of attorney so I can get into his bank accounts and pay bills but he will spend it all before I can get a chance to ever pay them. I may get $150 - $200 to buy groceries or pay part of his... View More
answered on Jul 16, 2019
If you have a durable power of attorney now that is the best you can do--short of filing an action in the circuit court seeking some sort of limited guardianship. Hire a family lawyer to help you.
answered on May 31, 2019
Your bank should have been notified; however, if the judge merely stayed the garnishment it may not go away entirely. Suggest you call the lawyer that helped you get the stay.
My grandmother left 2 CDs left to my father in her will, also stating that if he passes within 30 days then they would go to me, my father passed 3 days later. The bank only had my father as a beneficiary, so they were put in his name. My father did not have a will. The bank told me they... View More
answered on Jan 10, 2018
I'm sorry for your loss, however it sounds like your Grandmother messed up here. If there is a beneficiary named on an asset, the will does not control it, and if your father died 1 second after your grandmother, then the bank did what it should by placing the CDs into your father's name.... View More
I was told that once I turned 18 I could get into my money. My dad is refusing to sign the paper as he's the custodial owner of the account. What can I do?
answered on Jan 30, 2017
There are two issues here: (1) who owns the money, and (2) how do you get it. The money belongs to the child who is now an adult. "Under terms of a state's Uniform Gift to Minors Act or Uniform Transfer to Minors Act, a custodian controls these accounts while the child is a minor. But... View More
Used my checking account. She had her name on the account.Wrote bad checks, withdrew ALL the money, never recorded what was taken, never told me she took it, never gave me the money!!
answered on Nov 22, 2013
Call the police to see about initiating criminal proceedings. Talk to an attorney about civil proceedings. I would do both. However, if you and your roommate shared a checking account, then her use of funds in that account probably did not constitute theft.
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