Hi ali101. How was this done?and updated any sole-named bank accounts to specify the other spouse as the beneficiary.
Unless this is something new or particular to AIB it was always easy enough add on a second person to make an account a joint account, get id and print off 'add customer to account' form. Specifying them a beneficiary is not something I have come across or terminology used in just adding a name to an account. Adding a named signatory on a sole account is different and would give no ownership of the funds in the account.As far as I know, whilst it's easy enough to add a joint signatory onto an existing sole bank account, adding a new beneficiary (by adding a name to a sole account with the result that it becomes a joint account) is not possible (well, in AIB at any rate).
Maybe it’s a new thing but I’m fairly sure you can’t just add a name to an existing account to make it a joint account with AIB.Unless this is something new or particular to AIB it was always easy enough add on a second person to make an account a joint account, get id and print off 'add customer to account' form. Specifying them a beneficiary is not something I have come across or terminology used in just adding a name to an account. Adding a named signatory on a sole account is different and would give no ownership of the funds in the account.
Most joint accounts in banks are converted to sole name on death depending on amount in account and whether will or not, different procedures for different scenarios.
Eh, no. Bank accounts don't have tenants - of any description.it is possible that Joint accounts have two forms
1. Tenants in common - half the balance goes to decease's estate
2. Joint tenant's - whole balance transfers to survivor directly
That sounds like a joint account, with a single signatory.updated any sole-named bank accounts to specify the other spouse as the beneficiary.
That’s what I thought. I hadn’t ever heard of the doctrines of joint tenancies/tenancies in common ever being used in a banking context.Eh, no. Bank accounts don't have tenants - of any description.
Ulsterbank allow it.Unless this is something new or particular to AIB it was always easy enough add on a second person to make an account a joint account
Technically. You can. But if you do, your spouse can claim their legal right share.You can't leave your spouse out of your will
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