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Home >> Special Situations >> Deceased Individuals
Three Signatures on Account
I am one of three signatures on my deceased father's and stepmother's checking, saving and CD accounts. Do I become the sole owner upon my stepmother's death or should I remove my dad's name now?
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 If you are an authorized signer and not an owner, you have no ownership interest, and your use of the accounts will end upon your stepmother's death. If your late father, your stepmother and you were all owners of the accounts, it's very likely that the laws of your state provide that when a joint owner dies, ownership of the account is held by the surviving joint owner(s). In that case, you and your stepmother appear to be the joint owners now, and on her death, you will be the sole owner, assuming that the accounts are still open and still jointly held.
Published on BankingQuestions.com 4/07/10
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