Legal Question in Wills and Trusts in Texas
Who gets the asset
My wife�s grandmother died and left what we believe to be a considerable amount of money. Her cousin is listed on her accounts as a signature.
Dose she get to keep all of her assets in that account?
We believe she has moved a considerable amount to her private account. Is she allowed to do that just because she has access to her accounts?
Asked on 5/17/05, 4:09 pm
1 Answer from Attorneys
Re: Who gets the asset
It depends on the kind of account. If this was a joint tenant account with right of survivor, or a payable on death account, then she may be able to keep it. If she was just a signatory on the account or just a joint owner with no rights of survivorship or no payable / transfer on death instruction, then her conduct would be actionable.
Answered on 5/18/05, 4:28 am
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