Legal Question in Wills and Trusts in Arizona
bank account
My mother had a bank account with
about $6000. My sister's name is also
on the account. She tried to access
the account tonight and was unable to
withdraw money to make my mother's
car payment. Since my sister is on the
account, does she just need to provide
a death certificate to gain access
again?
1 Answer from Attorneys
Re: bank account
If your sister was named as co-owner of the account, then upon presentation of the death certificate, the bank will treat your sister as the sole owner of the account. If your sister was only an authorized signator on the account, then your mother's heirs at law or the heirs under her Will are entitled to receive the proceeds of the account. A person can be authorized to write checks, but not be a co-owner of the account. You should also check to see if there was a "pay on death" designation made by your mother on this account.
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