Legal Question in Banking Law in Massachusetts
I am on a joint bank account, with my daughter. The
moneys on the account belongs to her. I some type of trustee to
make deposits, make disbursements and be only the trustee on the account. I am afraid that if someone intents a legal action against me, they will garnish or frozen the account because my name are on it.
What document shall I present to the bank to proof that I am only the guardian or better administrator of the account?
Thank you.
Ivo C. Cerqueira
Asked on 6/11/11, 10:17 am
1 Answer from Attorneys
henry lebensbaum
Law Offices of Henry Lebensbaum (978-749-3606)
Depends on the type of account. Wrongly configured is a recipe for problems.
Answered on 6/15/11, 6:08 pm
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