Legal Question in Wills and Trusts in Arizona
checking account and debt liability
Will my mother be held responsible for my grandmother's debts after my grandmother is deceased because they share a checking account?
Asked on 11/17/03, 1:04 pm
1 Answer from Attorneys
Richard S. Stolker
Uptown Law, LLC
Re: checking account and debt liability
The answer to your question will depend in large part on whose money is in the joint checking account. If it is your grandmother's money (with your mother as a "convenience" signer), her assets will be available to pay her debts at the time of her death.
If the funds are your mother's, why is her mother (your grandmother) also on the bank account?
Answered on 11/17/03, 1:59 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
