The legacy of love blog

What happens to your joint bank accounts when you die?

bank account joint Apr 22, 2019

Intent: A desire and will to act in a particular way.

It is this premise that serves as the foundation for determining how funds will be distributed in a joint bank account. The exact definition of “intent” becomes an issue when a parent holds a joint bank account with their child – let us explain:

Parents may hold a bank account jointly with their children because:

1.      It is intended as a gift via the right of survivorship;


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