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is joint checking part of estate

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captrt

Junior Member
What is the name of your state?michigan.My father recently passed away and we had a joint checking account is this part of the estate now or is it mine.
 


I AM ALWAYS LIABLE

Senior Member
captrt said:
What is the name of your state?michigan.My father recently passed away and we had a joint checking account is this part of the estate now or is it mine.

My response:

Did you talk to your bank to find out how the account was held; e.g., "with right of survivorship"? If not, then someone is going to have to "trace" his funds to that account in order to claim them. For example, if you typically deposited your paycheck, and he deposited his social security check into that account, then a forensic accountant could give whomever wants the answer to your question - - if they're willing to pay for the accountant.

IAAL
 

captrt

Junior Member
i was told by the bank

that the account is mine but i still don't know if i have to make it part of his estate
 

I AM ALWAYS LIABLE

Senior Member
captrt said:
that the account is mine but i still don't know if i have to make it part of his estate

My response:

I want you to think logically. Put on your Beenie Hat, and spin the propeller.

Now, if you've been told by the bank "that the account is [yours]", then why would you think that YOUR money must be probated in someone else's Estate? If the money doesn't belong to anyone else, what is there to probate?

IAAL
 

captrt

Junior Member
thanks for your reply

i just wanted to make sure i was doing the right thing with the account.thanks again from me and my beenie
 
Last edited:

captrt

Junior Member
also

all the money in the joint checking was his i was just on it to make out his checks if he was to sick to do it himself,so since only my name and not my money was in the account is that part of his estate,thank you
 

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