What happens if someone dies and there is no Will but another person is on a joint savings account with them?
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What happens if someone dies and there is no Will but another person is on a joint savings account with them?
Asked on May 18, 2015 under Estate Planning, Colorado
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
I am so sorry for your loss. If some one dies with out a Will it is called "intestate" and the intestacy statute in the state will apply. However, generally speaking, with a joint account, when one account holder died the money will go to the other account holder. Good luck.
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