Who does the money in a bank account go to if a brother and sister share an account and the brother dies intestate?
Question Details: The brother and sister share a joint bank account. The brother dies intestate without a spouse but has 3 adult children. Will the money left in the account automatically go to the joint account holder or will it have to return to the estate?
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Upon death, joint accounts become the property of the surviving co-owner; they do not beome the property of the deceased's owners estate. Accordingly, the sister would legally be entitled to all monies in the account.