Legal Question in Wills and Trusts in Illinois

joint checking accounts

I am a joint owner with my uncle on his checking account. When he dies, does the money go to me or to his estate?


Asked on 7/23/07, 4:08 pm

3 Answers from Attorneys
Noelle Ansley Noelle Ansley

Re: joint checking accounts

You.

Read more
Answered on 7/23/07, 4:18 pm
Jeffrey R. Gottlieb Law Offices of Jeffrey R. Gottlieb, LLC

Re: joint checking accounts

Generally speaking, to you, but there are exceptions and estates sometimes do argue, and occasionally prevail, that the decedent didn't intent to make a gift to the joint tenant.

Read more
Answered on 7/23/07, 4:29 pm
Jeremy Richey Jeremy Richey, Attorney at Law

Re: joint checking accounts

There is a presumption that it is yours, however, it is possible for this presumption to be overcome if somebody challenges it.

Read more
Answered on 7/23/07, 6:00 pm


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in Illinois