Legal Question in Banking Law in California

joint checking account-first signer dies.

I sign on a joint checking account with an elderly woman who has recently passed away. The account has both our signatures on it and was used to pay her bills. None of my money personal money was deposited into the account but I have signed th check for over a year now. She has no significant outstanding debts other than the usual utilities. What happens to the money in the account now? Is it legally mine?


Asked on 7/17/06, 6:26 pm

1 Answer from Attorneys
Robert Mccoy Law Office Of Robert McCoy

Re: joint checking account-first signer dies.

Proabably. You might want to hold onto the money, for a while though, just to make sure none of the potential heirs tries to assert a claim to the money. They could say you held the money in trust for them. I would wait at least a year.

Read more
Answered on 7/17/06, 6:53 pm


Related Questions & Answers

More Banking Law questions and answers in California