Legal Question in Wills and Trusts in Illinois

checking acounts

on ajoint account 1 person dies is the other party sole owner of that account or is it part of the deceased estate


Asked on 6/09/07, 11:05 am

1 Answer from Attorneys
Jeffrey R. Gottlieb Law Offices of Jeffrey R. Gottlieb, LLC

Re: checking acounts

Generally speaking, the other party is the sole owner. There is a procedure for the estate to argue that it wasn't the decedent's intent and it should be part of the estate, but that is a narrow exception to the rule and would require an agreement or litigation.

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Answered on 6/09/07, 11:12 am


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