Legal Question in Wills and Trusts in New Jersey
My brother had his bank account in my name since 1995. The 1099-INT were sent to me by the bank and I included it in my taxes. My brother passed away on 07/27/2012 and my question is: what happens to that account now ?
Asked on 9/14/12, 12:30 pm
2 Answers from Attorneys
Larry Raiken
Larry S Raiken LLC
If the account is in your name then the account is yours
Answered on 9/14/12, 12:35 pm
Walter LeVine
Walter D. LeVine, Esq.
I nagree with Larry. If the account has your name and social security number, it belongs to you and can be closed out.
Answered on 9/14/12, 3:02 pm
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