Legal Question in Wills and Trusts in Connecticut
will distribution
In a mutual decision my father and his wife decided to leave everything to their own children.
Her assets go to her kids, his to my brother and I. My Father recently passed away. Besides some stocks and money markets which we are splitting, does this include joint savings/checking accounts? Are we supposed to get part of that?
Should we be looking into anything else? Thanks
3 Answers from Attorneys
Re: will distribution
The other two answers are generally correct. If you need the assistance of a Connecticut attorney, you can email me at [email protected].
Re: will distribution
Your father's Will disposes of property he owned individually, and as you describe it this property is shared between you and your brother. Property that was jointly owned by your father with some other person, will pass by operation of law to the survivor, provided the ownership was described as "with right of survivorship". If the joint property was held as a tenant in common, then the portion owned (generally one half) by your father will be included in his administrable estate.
Re: will distribution
I agree with Norman that only individually owned assets and assets registered as tenants in common (usually only real estate is registered this way) pass by a Will. There may be retirement plans with designated beneficiaries, life insurance with designated beneficiaries that should be looked into. What about personal property like jewelry, household goods and furnishings that belonged to him, artwork and collections, if any, that he owned. This should give you some information.
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