If there are 2 people on a bank accounts and 1 of them dies, what is the right of the survivor as to the account?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
If there are 2 people on a bank accounts and 1 of them dies, what is the right of the survivor as to the account?
The remaining party is not in the Will.
Asked on March 28, 2013 under Estate Planning, New Hampshire
Answers:
Catherine Blackburn / Blackburn Law Firm
Answered 11 years ago | Contributor
In this situation, the person whose name is on the account usually receives the account, no matter what the will says. Most states presume that joint account holders own the account jointly with the right of survivorship. In that instance, the account passes to the joint owner upon the death of the other owner. Check with an estate lawyer in your state, but I bet that account now belongs to the joint owner.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.