Legal Question in Wills and Trusts in New York

My dad and I are joint owner/survivor of a cd account. My question is he and I want to be assured that my children will receive this amount. I understand that if I outlive my dad that it will go to me, but if I die first this money will go back into his estate. What needs to be done in order for my children to be assured of receiving this amount should I die first?

Thank you so much for your advice.

Cheryl O.


Asked on 12/07/10, 8:47 am

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Change the account.

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Answered on 12/13/10, 9:33 am


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