Legal Question in Securities Law in New York
probate,wills and trusts
if I set up my mothers brokerage account to joint tenant with righ to suvivorship, would this account be subject to probate when she dies? I have durabel power of attorney already.
Asked on 4/08/08, 3:52 pm
1 Answer from Attorneys
William Pinzler
william M. Pinzler
Re: probate,wills and trusts
I suggest that you consult qualified estate counsel. First, the durable power of attorney does not survive death. Second, if you have joint tenancy and there is only one signature required, then your mother's death should not affect your ability to act regarding the brokerage account.
Answered on 4/08/08, 4:26 pm
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