...probate [1]
Submitted by peach1957 [2] on
Jurisdiction:
- Pennsylvania [3]
Area of Law:
- Other [4]
Question:
If there is a joint bank account with two brothers and one dies is the third who is not on the joint account entitled to half the amount in the account, or just half the amount of the deceased brothers account. ? There is no willl
Selected Answer:
There are several key facts [5]
Submitted by Staff_Writer [6] on
There are several key facts that you first must obtain. How much money is in question? What type of account the money was held in and what was the purpose of the account (i.e. personal or business)? And lastly, you will need to check the underlying paperwork for the account to see how the funds were held among the parties (i.e. joint and severally)?
Each state has different probate laws, but here is a link that may provide some further assistance: http://www.nolo.com/legal-encyclopedia/pennsylvania-probate-an-overview.... [7]
Usually the bank paperwork will clarify most questions and address the issue of what happens upon death.