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AWhat if the person who passed away was a government employee and had a joint account with their spouse?
From what I understand:
1) If it’s an “either or survivor” account, the spouse becomes the sole owner, but can creditors still target that account?
2)Also, are pension and gratuity protected from debt recovery?
3)What happens if only the deceased contributed to the joint account can that be legally claimed by lenders?
AWhat if the person who passed away was a government employee and had a joint account with their spouse?From what I understand:
1) If it’s an “either or survivor” account, the spouse becomes the sole owner, but can creditors still target that account?
2)Also, are pension and gratuity protected from debt recovery?
3)What happens if only the deceased contributed to the joint account can that be legally claimed by lenders?
Viewing 2 posts - 1 through 2 (of 2 total)