Legal Question in Wills and Trusts in Michigan
A Will say, all tangibles and intangibles things must be shared among surving children. Would that include what is in a bank account the primary bank account of the deceased. Or will the second person on the account have the right to take it all.
Asked on 12/07/10, 4:18 pm
2 Answers from Attorneys
Timothy Klisz
Klisz Law Office, PLLC
It depends on the will. Some have a clause that says bank accounts are estate assets. If not, the co-owner would have the best claim to the account funds. Kliszlaw.com. Tim Klisz
Answered on 12/12/10, 4:27 pm
Glenn Matecun
Matecun, Thomas & Olson, PLC
Joint owner on the bank account takes the account. There may be an argument that the joint owner was added "for convenience" (for example, to help pay bills, etc.). You should discuss the matter with an experienced probate attorney.
(www.MichiganEstatePlans.com)
Answered on 12/12/10, 4:27 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
