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    • Mikeyorks
    • By Mikeyorks 16th Feb 12, 4:44 PM
    • 10,287 Posts
    • 4,695 Thanks
    Mikeyorks
    • #2
    • 16th Feb 12, 4:44 PM
    • #2
    • 16th Feb 12, 4:44 PM
    With a joint account - on death - the surviving party owns all the funds. They don't even form part of the estate of the deceased.

    Did you report the death to the Bank prior to attempting to remove money?
    If you want to test the depth of the water .........don't use both feet !
  • HOPEFUL
    • #3
    • 16th Feb 12, 4:48 PM
    • #3
    • 16th Feb 12, 4:48 PM
    Hi - no, I went in after the funeral to withdraw the money to pay the undertaker...
    • atush
    • By atush 16th Feb 12, 4:51 PM
    • 15,743 Posts
    • 9,533 Thanks
    atush
    • #4
    • 16th Feb 12, 4:51 PM
    • #4
    • 16th Feb 12, 4:51 PM
    Contact the bank.

    But if there are other monies in the estate, I would not pay for the funeral from your acct unless 100% of that money was the deceased and you don't mind paying the full cost instead of sharing with the other beneficiaries.
    • sleepless saver
    • By sleepless saver 16th Feb 12, 5:31 PM
    • 2,645 Posts
    • 2,382 Thanks
    sleepless saver
    • #5
    • 16th Feb 12, 5:31 PM
    • #5
    • 16th Feb 12, 5:31 PM
    Banks normally will release funds to pay for funeral expenses if they are asked to do so, and provided with death certificate. You could try that approach.
    • xylophone
    • By xylophone 16th Feb 12, 5:53 PM
    • 20,994 Posts
    • 12,040 Thanks
    xylophone
    • #6
    • 16th Feb 12, 5:53 PM
    • #6
    • 16th Feb 12, 5:53 PM
    Are you sure this is a normal joint account without special terms or restrictions? Joint accounts normally pass by survivorship which is one of the main reasons for opening one - e.g. to ease the path of a widow/widower. http://www.direct.gov.uk/en/Governmentcitizensandrights/Death/Preparation/DG_10029468
    "Money in joint accounts
    The deceased person may have held money with another person in a joint bank or building society account. Normally this means that the surviving joint owner automatically owns the money. The money does not form part of the deceased person's estate for the purpose of administration and therefore does not need to be dealt with by the executor or administrator. However, a deceased's person's share in joint property is treated as part of their estate for inheritance tax purposes, both on death and on gifts made during their lifetime".
  • HOPEFUL
    • #7
    • 20th Feb 12, 10:42 AM
    • #7
    • 20th Feb 12, 10:42 AM
    Hi - yes it is a survivorship account but I should have added the account is in Ireland so different rules...
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