Legal Question in Wills and Trusts in New York
savings and checking accounts
If the accounts are either or,who do the accounts belong to when the estate is being settled and distributed ?
3 Answers from Attorneys
Re: savings and checking accounts
To the survivor
Re: savings and checking accounts
If the account is a joint account, which is what it sounds like you're describing, the accout belongs to the survivor and is not included as passing through the estate of the deceased.
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Re: savings and checking accounts
If the accounts are titled "A" or "B", and "A" has died, the accounts belong to "B".
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