Legal Question in Banking Law in New Jersey

Last summer, my aunt added my name to her passport savings account as a joint account holder in New Jersey. At the beginning of this year, my aunt passed away. Due to the fact that I was not my aunt's closest of kin (my aunt has 7 siblings) the bank would only release half of the assets in the account to me. The bank informed me that in order to obtain the remaining assets, that i have to obtain consent by my aunt's siblings relinquishing their rights to the funds. Is this process legal, since I'm the only living joint account holder to my aunt's account?


Asked on 4/24/11, 7:11 pm

1 Answer from Attorneys
Robert Davies The Davies Law Firm, P.A.

Wonderful. Great. The bank won't talk to you, just tells you this.

Because of what the bank has done, in order to get the money, you need to hire a lawyer to get the rest of the money. It is crazy but now you have to get a lawyer to get the money that your aunt put into a joint account.

I can help you with this, just give me a call, let my secretary know when you can come see me at a time that I am free, and I will get on this for you.

I know people worry about how expensive a lawyer is, so I am careful to be as inexpensive as I can for my clients. Before you spend a dime, you will know how much this is likely to be.

Robert Davies, Esq. 201-820-3460

The Davies Law Firm, P.A.

45 Essex Street, Suite 3 West

Hackensack New Jersey 07601

Phone: 201-820-3459

Fax: 201-820-3461

Email: [email protected]

Website: AttorneyRobertDavies.com

For more information on family law and divorce, see my website: http://www.attorneyrobertdavies.com

Please keep in mind that my response is just a general comment on your question, and not legal advice. Your question and any response does NOT create an attorney-client relationship between you and this law firm. The exact details of your situation and things that you have not mentioned in your question can completely change the response I gave. You can not rely upon what I have written, because I do not have all of the information that I need to advise you, I only have the very small amount of information that you put into your question. To get legal advice that you can rely on and use, please contact me directly. I would be happy to assist you.

Read more
Answered on 4/25/11, 6:23 am


Related Questions & Answers

More Banking Law questions and answers in New Jersey