Legal Question in Banking Law in Illinois

Re: Names on bank accounts

Hello. Yes, the other person added to the account is considered the sole surviving owner

of the account and takes all the funds. This

is strictly bank business and bypasses any will

since it amounts to a gift prior to the original

account holder's death. In this situation, heirs

of the original account holder cannot claim an interest in the account funds. I hope this answers your question fully.