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Reply to "Father wants to gift me money "
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[quote=Anonymous][quote=Anonymous]If it’s a joint account and the father passes, the bank freezes the account. Happened to us when my dad died. That account was joint with my sister who lived with him and it was where all the automatic payments for household bills came from.[/quote] I had a joint account with my mother, and when she passed the money became mine. It was joint with right of survivorship. There are other kinds of joint accounts that work differently, and you don't want one of those.[/quote]
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