@nicnacs_4u wrote:
@imastawka wrote:
My mother taught me over 50 years ago, to always have
your own money and never to have it all in a joint account.
My sister didn't heed that advice and when her husband died
she could not access the joint account, because the bank froze
the account for months.
May I ask why the bank froze their account?.When my OH passed away all our money was in both names and I had no trouble accessing it straight away.
That was back in the 70's. Banks were a whole other animal back then. I don't
know all the why's and whatnot, but that's what they did.
Re banks in the 70's - we could only get a partial mortgage for our house "because
of the age of the house". It was built in 1925. They made us take out a personal
loan for the remainder. And, no, in those days,you couldn't go elsewhere. You had
to have a savings track record with that particular bank. No mortgage broker in those days
