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My friend has 3 children that never come to see him he has me listed on 3 bank accounts as right of survivorship can this be contested by his children after his death?
Wiki User
∙ 16y ago
Yes it can be contested. Have your friend put your name on the accounts making them joint accounts. The children can still contest it but it severely weaken their claim.
Wiki User
∙ 16y ago
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Your friend has 3 children that never come to see him he has you listed on 3 bank accounts as right of survivorship can this be contested by his children after his death?
Yes it can be contested, but the real question is will they win. The mere fact that they are blood relatives and you are not does not overcome the joint bank account title unless they are able to prove that it was not the decedent's intent that the accounts should pass to the joint owner. This is not easy to do. And the mere fact that the accounts are in joint names does not mean that they should not belong to the estate. Some elderly people will make joint accounts with a child or friend for the sole purpose of allowing that child or friend to help conduct banking transactions without intending that the funds should go to the joint owner. The ultimate answer is what did the decedent intend.
A close friend and you had a Cdwith rights of survivorship Can the family take this money away from you?
No. If the CD was held as JTWRS then your friend's interest automatically passed to you if he/she died. You would be the sole owner of the CD.
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