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?
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.
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