Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
20:00 Dec 2, 2016
English to Spanish translations [PRO] Bus/Financial - Investment / Securities / Newsletter
English term or phrase: convenience account
If you’re considering using a joint account to help manage an older relative’s finances, a ***convenience account*** or getting power of attorney may be potentially safer alternatives.
Explanation: What Is A “Convenience” Bank Account?
The Facts: My mother opened a joint account with my sister Jane so Jane could pay my mother’s bills. At the time of her death, my mother had $100,000 in the joint account. Jane is claiming that the money in the account is hers since she is the joint account holder. My mother always said she wanted her estate to be divided between all of her children equally. Her Will provides for equal distribution to her four children. http://lmtogalaw.com/what-is-a-convenience-bank-account/
Al parecer en el banco habían modificado las condiciones de la cuenta de manera que fuese necesaria la firma de ambos titulares para disponer de fondos. El banco decía que no es una cuenta conjunta, pero la necesidad de la firma conjunta la convierte automáticamente por definición en una cuenta conjunta, ya puede decir misa el banco. https://sefrugal.wordpress.com/2009/09/17/diferencia-entre-c...
lugoben Local time: 17:43 Native speaker of: Spanish PRO pts in category: 8