2006-08-16 16:27:07 · 3 answers · asked by melanie n 1 in Business & Finance ➔ Personal Finance
It really depends upon how the names are listed on the checking account. If the account is a joint account, or an account with rights of survivorship, the money belongs to the surviving signer.
If you are the signer on the account under a power of attorney, the money goes to the estate.
One way to find out: The other signer can take a copy of the father-in-law's death certificate to the bank, and ask to close the account. If the bank gives the money to the person, it was a true joint account, or an account with rights of survivorship. If the bank wants to see paperwork saying you are the executor or personal respresentative of the estate, the money belongs to the estate.
2006-08-17 03:16:59 · answer #1 · answered by Mama Pastafarian 7 · 0⤊ 0⤋
part of estate
2006-08-16 16:32:24 · answer #2 · answered by dt 5 · 0⤊ 0⤋
its all yours
2006-08-16 16:35:15 · answer #3 · answered by spookydakat 2 · 0⤊ 0⤋