So, if one of the parties dies one month before the other and their joint checking account did NOT specify joint rights with surivivorship can i assume 50% of the funds would be distributed to each parties estate?
The details of this case are:
* The joint checking account was opened in Nevada
* They did not specify joint rights with survivorship
*They moved to Texas and deposited a large amount of funds in the same account (TX branch)
*The wife died in November
*The husband died in December
*They did not leave a will.
*The question is how the checking funds should be distributed as both parties have heirs to their estates that are not related to one another.
We were told by Wells Fargo that once the wife died, the funds are assumed to go to the husband, so when he died 100% of those funds would go to his estate? This is being refuted by the wife's estate.
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