Legal Question in Wills and Trusts in California
If I hold 2 bank accounts with my father that are not listed in his living trust and he passes Do those 2 accounts become part of the trust if there is no written or expressed/implied statements from my father adding them?
Asked on 9/30/12, 12:03 pm
2 Answers from Attorneys
Joel Selik
www.SelikLaw.com
No, unless in his name as trustee. If held POD or as joint ye
Tenants it all goes to you.
Answered on 9/30/12, 12:37 pm
Michele Cusack
Pollak & Cusack
Mr. Selik is correct. But, In many cases, one kid is put on a joint account just for convenience, and knowing it was the parent's intention that all be shared equally, that kid (who is usually the successor trustee) will add the jt tenancy assets to a trust account after the parent's death..
Answered on 9/30/12, 3:35 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
