Texas  |  Wills and Trusts

Legal Question

Asked on: 5/20/04, 7:59 pm

Funds in a Savings Money Market Account

My sister passed away. She and I had a Joint Money Market Savings Account with funds she had acquired from a lawsuit settlement. Since her passing, I transferred the money into another account using only my name. Since she left no will, do the funds have to be included in a Probate to her estate?

2 Answers


Answered on: 5/20/04, 10:05 pm by Michael Dover

Re: Funds in a Savings Money Market Account

If you and your sister held the account as joint tenants with a right of survivorship, then ownership of the funds passed to you upon your sister's death. Otherwise, your sister's interest in the funds would be part of her probate estate.


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Michael A. Dover, PC 1405 Vontress Dr., Suite 1101 Plano, TX 75074

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Answered on: 5/20/04, 10:37 pm by Peter Bradie

Re: Funds in a Savings Money Market Account

See Mike Dover's answer to your question. Also, and account styled as "Payable upon death" would also be outside the estate.


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Bradie, Bradie & Bradie 6606 FM 1488, Suite 148-363 Magnolia, TX 77354-2544

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