How would heirs get funds from their father’s personal bank account when he dies if his siblings name is on it?
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How would heirs get funds from their father’s personal bank account when he dies if his siblings name is on it?
Asked on October 23, 2012 under Estate Planning, Maryland
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
I am so sorry for your loss. How the sibling is listed on the account will matter here. If he or she is merely a co signatory on the account then he or she does not have any ownership interest therein. If, however, the sibling is a joint owner of the acount you could run in to trouble as to ownership of the funds. Please speak with the bank and with an attorney. You will need to probate the estate and have a personal representative appointed. Good luck.
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