A man deposits funds in a foreign branch of an American bank. The account is opened in the name of his son, who is an American citizen. The son died. Who has legal rights to the money, the widow or the father? I am not sure if the father is an American citizen or not. Does that make a difference?
Untitled
Ownership of the funds is a matter of local law in the country where the branch bank is located. You'll have to consult with the bank holding the funds for more information.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
Ownership of the funds is a matter of local law in the country where the branch bank is located. You'll have to consult with the bank holding the funds for more information.
