An individual passed away and the funds that were in his individual checking account were transferred online to a joint checking account in his name, what are the heir's rights?
Untitled
State law will govern, but it's normal that the bank without knowledge of the individual's death, would not be accountable for the transfer you've described. That would leave the estate, through its personal representative, the possibility of attempting to recover the funds from the party that benefited from the transfer, presumably the joint owner of the account receiving the transfer.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
State law will govern, but it's normal that the bank without knowledge of the individual's death, would not be accountable for the transfer you've described. That would leave the 