If Dad's accounts are jointly owned by my sister, Dad & I Can Dad take our names off the accounts without our consent or signature?

Question

B

Bonniej409 Asked July 2013

If Dad's accounts are jointly owned by my sister, Dad & I Can Dad take our names off the accounts without our consent or signature?

My sister and I are joint on all our Dad's accounts (banking, house, investments). This was by his request. He is not angry at us for some unknown reason and says he has hired an attorney to remove us from all joint accounts and take us out of the will. Is this possible? If so, how can we dispute this decision. If our names are on nothing and something happens to him, we cannot manage his finances for him. Suggestions?

Financial Planning

2 Answers

Most
Helpful Newest
First Oldest
First

Recent Questions

Related Questions

score 0 · Answer 1

A financial Power of Attorney is what you need to manage his financial affairs. If he is willing and is mentally capable to sign one. If he is not mentally capable, you may have to seek guardianship.

Helpful Answer (0)

score 1 · Answer 2

It depends on who is the primary account owner. Some banks may allow the primary owner to remove signatories but many banks will require the account to be closed to remove signatories and a new account to be opened regardless of account owner.

Helpful Answer (1)

If Dad's accounts are jointly owned by my sister, Dad & I Can Dad take our names off the accounts without our consent or signature?

2 Answers

Recent Questions

Popular Questions

Related Questions

Ask a Question