Joint Bank Accounts: What Happens If One of The Account Holders Dies?

Most joint account holders assume that upon death of a joint account holder, the surviving joint account holder will be the owner of the monies in the joint account. Is this true? First, let us explore some of the basic features of a joint bank account. Transactions for joint accounts can be done by both (or all, if there are more than 2) joint account holders, where it is termed as “both to sign”; or…

"Joint Bank Accounts: What Happens If One of The Account Holders Dies?"