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How can wife recover money after husbands death which is in bank
01-Mar-2023 (In Banking / Finance Law)
My sister is a second wife to his husband, they having few fixed deposits in joint names(under either or survivor clause). Now her husband died. She can't produce the death certificate now because his first wife name is mentioned in the certificate. And due to adhar number linking procedure in banks, she can't submit the adhar card too. Now what to do. His first wife is not aware about the savings what they did. She wants the money now what to do? Pls let me know your advice. Thank you
In the case of deposits held on either or survivor basis, if one dies, the survivor can very well claim the proceeds from the bank on production of death certificate of the deceased depositor. Relationship does not matter here.
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Adv. Swaminathan Neelakantan
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Can a husband be held responsible for his wife's debts?
You cannot be held responsible if you do not have joint finances such as a joint mortgage or bank account. If you marry, you can also change your name. You are not legally obligated to pay for credit agreements that your partner has taken out in your name, even though it will appear on your credit history.
Can a wife be held responsible for husband's debt in India?
A person is usually only responsible for their own debts. If you didnt sign the loan or contract for your spouses debt, then you would usually not be responsible to pay it. 30-Apr-2012
Do I have to repay a loan to someone who has died?
All of a persons assets, including money, possessions, and property, will be included in their estate. The deceaseds debts are also included in their estate. The estate is responsible for paying a debt that the deceased owed someone else. A debt that you owe the deceased is treated in principle as an asset of their estate.
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