Legal Question in Wills and Trusts in Illinois
form for receipt of funds
I will be distributing funds from a checking account of my deceased mother to my four sisters and need a form they can sign showing receipt of funds so I have no further liability to them in the future. My name along with my mothers is on this account.
Asked on 9/21/07, 7:49 pm
1 Answer from Attorneys
Lawrence A. Stein
Aronberg Goldgehn Davis & Garmisa, LLC
Re: form for receipt of funds
It may be all your money, if it was an account in "joint tenancy with right of survivorship," which most but not all joint accounts are. There is no magic form, though. Rather, you should consult with a lawyer to describe all the details, and then the lawyer can give you the correct advice, which may or may not include a form for your sisters to sign.
Answered on 9/21/07, 8:20 pm