Legal Question in Wills and Trusts in California

If I am a beneficiary on a bank account do I have to wait to spend the money until probate closes?


Asked on 1/31/11, 8:58 am

1 Answer from Attorneys

Jonathan Reed Reed & Mansfield

If the bank account is payable on death to you or a joint account with you, it doesn't go thru probate and it is yours upon proof of the owner's death. If it is not a joint or payable on death bank account it has to go thru probate and you can't get it until either probate closes or there is a court order for a partial distribution of assets that include this account.

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Answered on 1/31/11, 9:10 pm


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