Legal Question in Wills and Trusts in New York

joint bank accounts

My father recently died. He had 2 bank accounts and I was listed jointly with him on both. I have been told by both banks that ''right of survivorship'' entitles me to this money...which is about $6000. One bank even sent me paperwork to close the account when they were notified. They other has a loan attached to it so that will need to be taken care of first. I am not on the loan. However, the estate lawyer is telling me that that was an account of convenience and that I am not entitled to this money. The bank disagrees. There is no mention of these accounts in the will.


Asked on 2/14/08, 4:59 pm

1 Answer from Attorneys
Michael Markowitz Michael A. Markowitz, PC

Re: joint bank accounts

The bank is correct. As a joint holder on the bank account the money passes to you by operation of law and not through the will.

Mike.

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Answered on 2/15/08, 10:00 am


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