Love, Beal, & Nixon, P.C. they garnished my daughter's bank account. tried to explain to them that my name is on the account for emergency purposes only. I am currently un-employed and cannot pay this amount (3,064.65) in one lump sum. Asked for a settlement and they still wanted 2,634.55 in one lump sum, asked for monthly payments and denied. Oklahoma city Oklahoma

Unfortunately when someone's name is on an account, then the money in the account is considered theirs for lawsuits, garnishments, levies, etc. Eventhough that person may not have deposited any money into the account and may not have anything to do with the day to day operation of the account. Federal law holds that each account owner holds 100% interest in all money in the account they're on.

What I would strongly suggest to anyone in a similar situation, placed on an account in case of emergency, etc, is to named as power of attorney on the account. Each bank has their own form to process this request. This allows you access to the account if needed, daughter sick, injured, in another country, etc where she can't access the account. You would have full access as an acount owner would. BUT since you're POA the money is not considerd yours and can't be garnished, levied, etc. I konw this doesn't do anything in getting the money back for your daughter but changing it can/will prevent this from happening again.