My wife's relative passed away recently, and my wife was the sole beneficiary of her estate as specified by the will. The relative had a bank account, where my wife and another relative were joint account holders. They were on the account to help pay bills, etc... From the FAQ of this site, I gather that the bank account is outside the scope of the will. So how are my wife and relative expected to divide the funds in the bank account? 50/50?
Just to confirm my understanding of the FAQ in a pretend scenario: If my wife was not a joint account holder on the bank account yet was the sole beneficiary according to the will and someone else was a joint account holder, my wife would have no right the funds in the account and the other person would have rights even though they were not named in the will. Correct?
Thanks in advance.
Just to confirm my understanding of the FAQ in a pretend scenario: If my wife was not a joint account holder on the bank account yet was the sole beneficiary according to the will and someone else was a joint account holder, my wife would have no right the funds in the account and the other person would have rights even though they were not named in the will. Correct?
Thanks in advance.