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How are joint accounts handled in the probate process?

April 26, 2017accounts handled Joint probate process

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How are joint accounts handled in the probate process?

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If the bank accounts or CD’s are owned with right of survivorship then that means that upon the death of one party to the account, the survivor becomes the sole owner. The survivor to the account can fill out an affidavit of waiver or L-8 form at the bank and access the funds.