Legal Question in Banking Law in Pennsylvania

Death without a will and banking accts.

My grandfather passed away and had several CD's in which my name was on with him. However, there was no will.....how does this work? My father refuses to share the banking information with my sister and I but our grandfather always told us that we were on the CD's with him. Help!


Asked on 5/29/07, 10:06 pm

1 Answer from Attorneys
Roger Traversa Arjont Group (Law Office of Roger Traversa)

Re: Death without a will and banking accts.

You asked about intestate succession as to jointly owned securities.

The executor of the estate MUST disclose the assets of the estate to the probate officer and the potential heirs. You can bring a claim against the executor or trustee seeking disclosure if you believe there are assets in your name.

The exact transfer will matter as to how you were named on the CDs. Some types of ownership will allow the CDs to pass quickly and others will need to be probated.

No matter what, if another name was on the CDs then the only probable way for them to be liquidated is through fraud. Contact the bank(s) where your grandfather did business and see if they can be of assistance.

Hope that helps.

Regards,

Roger

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Answered on 5/30/07, 9:05 pm


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