Legal Question in Wills and Trusts in Michigan

right of survivorship

Could you please explain what a joint acct.with right of survivorship is,and what does it mean when it states 'not as tenants in common'. Owner passed away, with a pour over will and a trust. these accounts are not listed in the trust. what happens to the accounts when there are 2 surviving joint owners? Thank You


Asked on 4/05/07, 10:25 am

1 Answer from Attorneys
Don Rosenberg Barron, Rosenberg, Mayoras & Mayoras, P. C.

Re: right of survivorship

Very simple - survivors take all. Jt with a, b and c. A dies b and c own. B dies C owns. As tenants in common, the interest of a, b and c are independent to each one and when each one passes their interest passes thru probate according to their will or family per intestate laws.

We can help with the probate procedure. It is informal and not too costly.

Don Rosenebrg.

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Answered on 4/05/07, 5:11 pm


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