Legal Question in Wills and Trusts in Michigan
Intestate Estate
A decedent died intestate and prior to his death left a bank account and house in a friend's name. Prior to his death paid federal taxes in excess of $350,000 out of the joint account. The estate learned that there was a overpayment of $200,000.00. The joint account holder seeks refund of the monies in that she was a joint account holder. The estate is claiming the funds should go to the estate because the monies were never hers. Who gets the money?
1 Answer from Attorneys
Re: Intestate Estate
That depends on how the two utilized the account. Was the joint owner merely an owner in name? Did she deposit any of the monies? Or, was her name on the account for mere convenience? I think I can help you but I need more information. Call me at 586-992-9981 and we can discuss this in further detail. Good luck.
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