Bank Accounts And Death

[ERayR]

While I recommend that everyone keep some money in a separate account. It does make getting and keeping personal credit cards easier. In California Community Property laws allow for the bulk of joint monies to be in a joint account.

After the death of my father. My mother and I put my name on her accounts. So it was no problem when she died to pay all her remaining debts, and close out the accounts.

My recommendation to my clients is that they do not have personal credit cards. Debit cards yes credit cards no.

[thesometimesaint]

My debt card is tied to one my credit cards. Keep a low balance on the credit card(s) you want to keep active. That way when more credit is wanted you have an established record of paying. Makes buying high ticket items such as a car, or major appliances much easier. Pay off and get rid of any credit cards you don't want.

Be Wise.

[thesometimesaint]

My debt card is tied to one my credit cards. Keep a low balance on the credit card(s) you want to keep active. That way when more credit is wanted you have an established record of paying. Makes buying high ticket items such as a car, or major appliances much easier. Pay off and get rid of any credit cards you don't want.

Be Wise.