Legal Question in Wills and Trusts in New Jersey
Joint Account
My father past away,he had no Will. I was made administrator. He had a checking account with my sisters name on it. We were told that next of kin were entitled to my fathers half of the account. My sister withdrew all of the money. Were we entitled to my fathers half? If so, how do we get it back from her?
2 Answers from Attorneys
Re: Joint Account
First, it would depend how your sister was named on the account. Assuming that 50% belongs to the Estate, you can make an adjustment against her interest in any other assets of the Estate. If there are none, you must bring a Court action to recover the money.
Re: Joint Account
Richard only partially answers your question. By law, a true joint account passes outside probate (Will or administration). The real question you must answer is What was my father's intention when the account was created? If his intention was that this account go to your sister if she survived him, she is entitled to it. If his intention was merely to accomodate her having signature authority to assist him if he could not write checks, make deposits, etc., the result might be different. The burden of proof will be on you to show only an accomodation account was intended, and this could be hard to prove. Plus, litigation will be necessary, which can be time consuming and costly. You have a business decision to make, including if the expense and time, plus the resulting family disharmony, is worth the effort.