Legal Question in Banking Law in California

Joint bank account and death

i have a joint bank account with friend. friend wanted me to have everything in the bank. though friend is married but has not lived with his wife for years. this friend has now passed. with having a joint account what does this mean for me, what can i do with the money in our joint bank account?


Asked on 12/19/06, 1:50 pm

1 Answer from Attorneys

Robert Mccoy Law Office Of Robert McCoy

Re: Joint bank account and death

Hmm, well I would really need to know how much money is in the bank account in order to answer that question, but here are a few things I think you can do with your new found wealth:

1. Give the money to the Pacific Justice Institute to fight the ACLU.

2. Buy several stocks and bonds.

3. Sponsor a Drift Car.

4. Run for public office.

5. Buy real property.

6. Buy a home.

7. Pimp your ride.

8. Remodel your home.

9. Throw a big party.

What not to do with the money:

1. publish in a newspaper that you have this money and want to know if there are any creditors claiming against your deceased friend's estate.

2. Tell your friend's wife about it.

3. Just let it stay in the same account under both names, for "safe keeping".

Does the wife have a claim to any of the money? Probably not, but what she does not know will not hurt her. Or if you are really concerned, you can hold onto the money for a year and then spend it.

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Answered on 12/19/06, 2:15 pm


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