Legal Question in Wills and Trusts in California

My husband's grandparents left him a cd. His name and their names were on it. After his grandparents passed we let the cd mature. We called the bank to withdraw the cd and found out the estate had already withdrawn it at a much lower amount. Can they do that?


Asked on 1/08/10, 1:01 pm

1 Answer from Attorneys
Michele Cusack Pollak & Cusack

If your husband was a named beneficiary or a joint tenant on the account, the bank should not have transferred it to the estate.

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Answered on 1/13/10, 1:08 pm


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