Texas  |  Wills and Trusts

Legal Question

Asked on: 1/30/00, 6:20 pm

Bank Accounts and Personal Estates

Bank Accounts and CD's are in both parties names,

Example: "Person-A or Person-B"

when Person-A dies, Person-B can obtain the finances by simply removing Person-A's name from the accounts.

I know this to be true.

My question is:

Are the above accounts Legally considered part of

Person-A's estate. If there are legal actions against the estate of Person-A, can the above accounts be

attached to the estate, or are they seperate.

I am hoping that they are seperate, and any legal

actions against the estate cannot touch the accounts.

PS: Wills do not list the accounts.

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