My elderly father had a number of joint Savings Certs An Post accounts with my mother. When my mother died my father had her name taken off the accounts. This left him in the situation where he had more money in his selection of accounts than is permitted as an individual. I believe the limit is circa €120k per person.
Most of his accounts have now matured and he is just rolling them over. An Post does not seem to be aware of this and these are being rolled over as and when they mature on my fathers instructions. Can there be consequences for him down the line?
Most of his accounts have now matured and he is just rolling them over. An Post does not seem to be aware of this and these are being rolled over as and when they mature on my fathers instructions. Can there be consequences for him down the line?