Legal Question in Wills and Trusts in Israel
joint bank account in Isreal
My grandmother created a joint bank accoount with my mother. The original will also left all to my mother. A will which was created two months bfore my grandmothers death now leaves all to my aunt. How does this affect the joint bank account.
2 Answers from Attorneys
Re: joint bank account in Isreal
If your mother is still alive and the account has not been changed, she gets the proceeds, notwithstanding the language of the Will. Joint assets pass separately from the Will, by account registration. Why was the Will changed? Your mother may have a claim for undue influence or other grounds. This should be reviewed with a good, local estate attorney.
Re: joint bank account in Isreal
I am not familiar with the law of Israel but in New York, your mother would own the proceeds of the joint bank account.
A will only governs property and assets solely in your grandmother's name at the time of her death. A joint account is a separate contract between the banking institution and your grandmother. If the account were in NY, your mother could claim the proceeds by submitting an original death certificate and identification.
You may contact me at anytime should you have additional questions. Good luck!
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