Legal Question in Wills and Trusts in Illinois
I have been issued a check in the names of myself and my four siblings, 5 names total. Are the proceeds split equally 5 ways?
Asked on 6/29/12, 6:07 am
2 Answers from Attorneys
Henry Repay
Law Offices of Henry Repay
You will need to provide more background to have this question answered. At a minimum, what is the check for, who is the decedent, is there a surviving spouse, any siblings that have passed, any outstanding bills of the decedent. The answers may lead to more follow up questions. It would be best you call a qualified probate attorney.
Answered on 6/29/12, 7:22 am
Virginia Prihoda
Law Offices of Virginia Prihoda
Presumably equally, but not necessarily. However, as a practical matter to cash a check made payable to joint payees, the bank needs all payees to endorse the check. There must be an agreement among the payees as to who gets what.
Answered on 6/29/12, 8:54 am