If my deceased mother left me in charge of her checking account, is the money mine?
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If my deceased mother left me in charge of her checking account, is the money mine?
My deceased mother left me benefeciary of her checking account and my sister the executor of the Will. Is the remaining balance in the account mine?
Asked on June 18, 2012 under Estate Planning, Iowa
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
If your mother designated you with the bank as the beneficiary of her checking account where there are written documents dated and signed by your deceased mother that you are a joint account holder of this checking account, then by virtue of you surviving her, you are the owner of the entire balance remaining under her account.
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