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To my knowledge, there was not a will. There was simply trusted communication from the parent to her children of intent (the siblings are in their 70s and retired). I believe they are both co-executors of the estate. What I mean to say by protecting the funds is that since the money is intended for her and there is no will, if for any reason the other party decides to withdraw all the money and not honor the wishes of their mother (not saying this will happen) is she protected from that happening and if not how can she protect herself from that happening?
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Please forgive me, as this appears asked and answered, but I must ask...does this mean he has a right to not honor that wish, even though he has indicated he will do so, but if he did he would only be entitled to half of those funds, not all? Also, this is based on the state that the deceased passed away in's laws?
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In my initial e-mail I had nearly forgotten, assuming that he does intend to do the honorable thing, does it make sense that he wants to retain his name on the account until he files the estate's final taxes and that money should stay put until then?
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Thank you very much for your help. I'm deeply appreciative. I do believe her sibling is a good and honorable person, but for peace of mind this may help put her at ease. It isn't her faith in her brother (to her) inasmuch as it is a fear and uncertainty of her future as she does not have any retirement funds. Until she has this put away safely and securely as her own I don't think she will feel secure. Thus, knowing these things may ease the mind's hypothetical scenarios, especially those fed to them by friends with good intentions.