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all of the children's name on the account. Can the individual with the power of attorney go in and close those accounts or remove the money WITHOUT the signatures of the other children?
answered on Apr 23, 2018
It depends on whether the accounts were convenience accounts (children's signatures for the mother's convenience only but all her money), pay-on-death accounts (pay on death to the children but all the mother's money) or joint accounts (jointly owned by the people named, whether or... View More 
I have an account with a government regulated US company for cryptocurrency investments (Coinbase Inc.) and the lender do not want to take my money to cover the closing costs because they do not understand what cryptocurrency is. Is this possible and legal?
answered on Apr 20, 2018
In Texas, businesses do not have to accept cryptocurrency as payment. Your best bet is probably to sell the cryptocurrency for US dollars and transfer the money to a standard bank account.
My credit union says that no institution has the option to restrict withdrawals from a joint account unless both parties sign for the withdrawals. However, a contract I've created gives such an option. How valid is a notarized contract in this case if institutions do not offer mandatory... View More
answered on Apr 20, 2018
Generally, a contract is only binding on the parties who sign the contract. If the bank is not a party to the contract, it does not have to follow it. You and your business partner can contractually agree to limit the money each of you can withdraw from the account. However, you would not be... View More
We had a family member pass away recently in Mexico. I will be receiving copies of the US Consular Reports of Death of an American Abroad in about 2-3 weeks. I understand this can be used an a death certificate for legal proceedings or for dealing with banks when transferring accounts to those... View More
I'm unsure of the definition of Capital resource in this text.
answered on Dec 13, 2017
One would have to examine the trust instrument to make sure but usually "capital" refers to "principal" as opposed to "interest" or "assets" as opposed to
"income." If the beneficiary is receiving a distribution from another trust, that is income.
Do i need a lawyer
*Per ssa.gov> payee> Guide For Organizational Payees> The Role of a Representative Payee, "Being an authorized representative, having power of attorney, or a joint bank account with the beneficiary is not the same as being a payee. These arrangements do not give legal authority to... View More
answered on Oct 31, 2017
Your question is answered in the law you listed above. Contact SS for further information if still unsure.
A Company has recruited me as an Escrow Manager, but requires me to open a checking account to provide the Escrow Services.
The Company confirms that -
1) All payments will be in my name because according to the Escrow Service Agreements signed by our clients, they are paying me... View More
answered on Oct 31, 2017
I think you should be very careful as this sounds like a typical scam. Do not use your personal checking account.
Its my second cousin. Had no kids. My dads cousin. Mu aunt took carebif this many years ago after his suicide and failed to find a number of open accounts and what not. Ive not had comyavt with her in at k1east 3 yrs or more and havent spokennto my cousins, her kids in even longer. I always stayed... View More
answered on Oct 11, 2017
I suggest you have an in-person consultation with an attorney. It's a time-consuming job to review all the appropriate facts and advise you accordingly; therefore, you will probably be charged for the consultation.
Mother what she wants her to have. Mother wants her off the account but sister and bank says no. Why no paper stating she has to be on there. On last question my sister has the will and we can't see it. What do we do on both.
answered on Sep 25, 2017
If your sister is a convenience signer, your mother can remove her. If the account is joint with right of survivorship, your mother can take out the money and open a separate account.
A Will means nothing until it is accepted by a Court for probate. If your mother wants to make a new... View More
My father married/ divorced a woman with 2 kids of her own & on the form it asks for all natural & adopted children. Would they be considered adopted?
answered on Jul 11, 2017
The Texas estate's code has the definition of who is considered adopted. I suggest reviewing it or consulting with a probate attorney.
The bank had told my mom she had to a paper called air ship she passed away before she could so i am just trying to figure out to get the money out of the account bc the bank takes 7.00 bucks every month
answered on Apr 4, 2017
I'm sorry about the loss of your grandmother and mother. I suggest consulting with a probate attorney near you as they can review the personal details and advise you of your options. Many will offer a free consultation and then you can pursue whichever avenue best suits your needs.
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