When did blind pensioners get out of Savings Bank?
The special provisions for blind pensioners under the means test introduced in 1921 were repealed. Pensioners could no longer assign deposits in the Savings Bank of New South Wales to the government and have them excluded from consideration under the means test.
What makes up household debt in New Zealand?
This data on the chart includes mortgages that New Zealand households have on rental properties, whereas the household debt published in the Household balance sheet (C22) data table does not include mortgages on rental properties.
What kind of debt does the average household have?
Household debt comprises mortgage loans, consumer loans such as credit cards, and student loans. D ata is available from 1998. Data for the graph below is available in a spreadsheet containing all key graph data (XLSX <200KB).
How much money did my mother have in her bank account?
She had $220,000 in a checking account, and my sister was a co-signor on that checking account. Being a co-signor on the account, my sister simply wrote checks to us (herself, my brother and I) for approximately US $70,000 each.
When did my mother pass away and how much money did she have?
My mom died and my sister (a co-signor on the account) wrote checks to us ($70K each) to distribute the money. My mother passed away in July of 2016. She had $220,000 in a checking account, and my sister was a co-signor on that checking account.
Can a son be responsible for his mother’s debt?
As such, being a son or daughter is not enough to make you liable for your mother’s unpaid obligations. While this applies to other relatives as well, there are a couple exceptions: Cosigning for the Debt. When you “cosign” on a credit contract with someone else, you each agree to be responsible for the debt.
Who is responsible for a parent’s credit card debt?
In most cases, children are not responsible for their parents’ debts after they pass away. However, if you are a joint account holder on any credit cards or loans, you would be liable for paying off the amounts due.