|
 |
Home >> Accounts
New Will Leaves Family Out
A man and woman lived together for thirteen years, and the man found out he had cancer, then put woman on his account to pay his bills. This is in Arkansas. The man died and had no children. She won't tell family anything.
He had a Will for like twenty years or so, leaving all to his family. I talked to an attorney that ended up being hers. I tried to find who had made his Will. The attorney told me he made new Will two months ago and left her everything, but that they are not going to probate the Will. Can she claim his accounts? I have been talking to attorney, but I wanted a banker's thoughts.
|
Untitled
|
 Without knowing how the woman was listed on the account, as a joint owner or an authorized signer (sometimes called a convenience signer), it's impossible to offer an opinion one way or the other. There is also the matter of whether the account, if jointly owned, was set up with rights of survivorship.
If the account was jointly owned, with rights of survivorship, the woman would receive sole ownership of the account upon the man's death. Your instinct to discuss your concerns with an attorney was correct. If you have an interest in the account, or think you do, you will need legal assistance to press your case.
Published on BankingQuestions.com 9/19/08
|
| |
|
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
