Legal Question in Wills and Trusts in Hawaii
Joint Account
Grandfather died. I'm executor of Trust. In trust it states that the 4 children are todivid all monies in said credit union in which I am a joint owner of all said accounts as well. Do I have to turn over all monies in said credit union or am I entitled to keep any of it being I'm a joint owner.
Asked on 12/31/05, 10:44 pm
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
Re: Joint Account
Jointly held property is not part of the estate for distribution. It belongs to the survivior.
Answered on 1/03/06, 2:12 pm
Jon Zahaby
Tour bus, scenic and sightseeing, operation
Re: Joint Account
Unless the account is in the name of the Trust, it is yours.
Aloha,
Jon A. Zahaby
Answered on 1/05/06, 1:48 pm
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