Legal Question in Wills and Trusts in New York
In-trust on bank book
My name is in-trust on my father's saving bank book. He passed away and I was giving the money from his saving account, but because my name was not on the checking, what document do I need to receive the saving account.
2 Answers from Attorneys
Re: In-trust on bank book
I'm sorry about your loss, if your name was not on the checking account as survivor. The funds in the account become part of your father's estate and need to go through probate or administration depending on whether or not your father had a will.
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Re: In-trust on bank book
An in trust account goes to you at the death of the owner of the account. The bank will most likely accept a raised seal death certificate.
If you have any further problems, feel free to contact me.
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