my sister is on a joint checking account with both deceased parents, what happens with checking account money's. quick please, thanks
GiGi
2006-12-05 15:50:57 · 6 answers · asked by gigimaxwell 1 in Politics & Government ➔ Law & Ethics
It depends on the type of account. If it required two signatures your sister can't spend it. It may also be considered part of your parents estate. It also depends on the laws of your state if it becomes part of the estate or goes to your sister.
2006-12-05 16:04:12 · answer #1 · answered by smilindave1 4 · 0⤊ 0⤋
If the account is in the name of the parents and your sister ONLY.........your sister gets the money. If you and your sister are on the joint account, you would divide the money. Unless your parents have a will stating that their money is to be endowed in some other way. If there is a will, the Executor or Executrix (the person your parents named as the one they want to handle their estate) has the responsibility of carrying out their wishes. It sounds as if you should consult an attorney. Good luck, and my condolences on the passing of your parents.
2006-12-05 16:02:43 · answer #2 · answered by artistagent116 7 · 0⤊ 0⤋
your sister cleans out the account.
2006-12-05 16:17:12 · answer #3 · answered by jgmafb 5 · 0⤊ 0⤋
Money goes to sister.
2006-12-05 15:56:27 · answer #4 · answered by dakota29575 4 · 0⤊ 0⤋
you get what your sister wants to give you
2006-12-05 15:57:48 · answer #5 · answered by jason 2 · 0⤊ 0⤋
name on account is sisters.................
but unless somebody can prove otherwise she will spend it.
2006-12-05 15:52:50 · answer #6 · answered by cork 7 · 0⤊ 0⤋