If a bank account has 3 people’s name on it and 2 die, does the money in it go to the surviving account holder?
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If a bank account has 3 people’s name on it and 2 die, does the money in it go to the surviving account holder?
Asked on March 17, 2012 under Estate Planning, Tennessee
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
I am so sorry for your loss. This was a joint account where three people's names were listed and each had equal access to the account? Then yes, the surviving account holder would likely inherit it all. I would double check with the bank and the banking department in your state to be sure that the account wa jointly held. Good luck.
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