invisible.hippo
Arch-Supremacy Member
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- Nov 8, 2008
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In a joint account, upon death of the deceased, the survivor will receive the amount right?
What happens if the deceased has a will that all the asset of the deceased is given to C, what will C get from the joint account?
Will this rule still be valid?
13.2
If any Account(s) is/are opened in the names of two or more persons ("Joint Account(s)"), such persons shall be jointly and severally liable for all liabilities incurred on the Joint Account(s).
(a) Where the Joint Account(s) is/are operated with a single signing authority, instructions from any one of the Joint Account(s) holders will be accepted by the Bank and such instructions will be binding on the other Joint Account(s) holders.
What happens if the deceased has a will that all the asset of the deceased is given to C, what will C get from the joint account?
Will this rule still be valid?
13.2
If any Account(s) is/are opened in the names of two or more persons ("Joint Account(s)"), such persons shall be jointly and severally liable for all liabilities incurred on the Joint Account(s).
(a) Where the Joint Account(s) is/are operated with a single signing authority, instructions from any one of the Joint Account(s) holders will be accepted by the Bank and such instructions will be binding on the other Joint Account(s) holders.