My brother passed away last week. He is survived by a spouse. He has two bank accounts that are just in his name only that he designated both as POD for my daughter. One account has $4000 in it and another account has $100 but is scheduled to receive $2,400 from the government for their joint stimulus payment on Wednesday.
They own no assets other than a bank account ($100) in the wife's name.
Their liabilities are 25k in credit card debt - including a judgment of 5k that was just awarded March.
I assume they don't have to file a probate with negative assets.
My question is if my daughter is eligible to either of the bank accounts? Can she withdraw the money with a death certificate?
Will the judgment be valid to claim the money before?
Thank you.
They own no assets other than a bank account ($100) in the wife's name.
Their liabilities are 25k in credit card debt - including a judgment of 5k that was just awarded March.
I assume they don't have to file a probate with negative assets.
My question is if my daughter is eligible to either of the bank accounts? Can she withdraw the money with a death certificate?
Will the judgment be valid to claim the money before?
Thank you.