Legal Question in Wills and Trusts in Texas
Trust Property or not?
My husband's grandmother past away living a family trust. Does her bank account go into the trust as well even if it had a approved signer(aunt) on the account? or does the signer(aunt) keep the account? I dont know if the aunt was a joint owner of account or just a signer.
Asked on 2/20/06, 8:33 pm
1 Answer from Attorneys
Jeffrey Hacker
Law Offices of Jeffrey R. Hacker, PC
Re: Trust Property or not?
whether or not bank accounts are owned by the Trust or by a Joint Tenant with Right of Survivorship is dependent only on the signature card. If it shows as a trust, the money belongs to the trust. If it shows JTROS, it is JTROS.
Answered on 2/20/06, 9:03 pm