Joint Bank Account Problems

 

Why would an elderly person want to add someone to her bank account?

In most cases, you’ll need some sort of legal document to gain access to bank accounts after a person’s death. Depending on your bank and your family situation, the steps may be very simple.

What are the top reasons an elderly person should NOT add someone to her bank account?

In most cases, you’ll need some sort of legal document to gain access to bank accounts after a person’s death. Depending on your bank and your family situation, the steps may be very simple.

What are the best alternatives to creating a joint banking account in Texas?

In most cases, you’ll need some sort of legal document to gain access to bank accounts after a person’s death. Depending on your bank and your family situation, the steps may be very simple.

unt… Some bank accounts don’t require any additional documentation. For example, ask the bank if the savings or checking account was “joint tenant with right of survivorship” (“JTWROS”) or “payable on death” (“POD”). If the account is one of these types, then the account automatically transfers to the new owner, without any probate court documentation.

Even if the bank needs probate court documentation, you need not worry. In Texas, probate is relatively affordable and straightforward. Yes, you’ll probably need an attorney, but it won’t be as expensive as you’re probably thinking. Vernon Litigation Group in Florida has helped many impacted by hurricane Irma. The probate process generally costs less than clients had feared, and the entire probate process can be complete in a matter of weeks.

 

 

Free Consultation

To ask a legal question or get legal help from a probate attorney in the Dallas, TX area, use the online contact form to the right or call (214) 302-8197. If you prefer to meet at the office in person in Richardson, TX- the attorney will gladly offer a free consultation.

Visit www.ShuttLawFirm.com for more information on bank account access after death in Texas, Dallas Probate Lawyer Isaac Shutt, Dallas County Probate or Collin County Probate, what steps to take to get account access if there was no will–contact Richardson, Texas Probate Attorney Isaac Shutt at ishutt@shuttlawfirm.com.

Shutt Law Firm’s office is conveniently located just north of Dallas, TX, near the intersection of highway 75 and Campbell Road in Richardson, TX.

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You can also call Mr. Shutt at (214) 302-8197 for more information on the topic discussed in this article or to discuss a different legal matter. For existing clients, quick phone-calls and brief e-mails are always free at Shutt Law Firm PLLC. Please consider the Shutt Law Firm if you need letters testamentary, how to serve as executor in Texas, how to probate in Dallas County Probate Courts or the Collin County Probate Court, a Texas Last Will and Testament, or you need a probate attorney in Dallas, Richardson, Plano, Allen, McKinney, Garland, Addison, TX, Collin County, or surrounding North Texas area.

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DISCLAIMER: Nothing in this brief article constitutes legal advice. The information provided herein is merely provided in the spirit of education. If you have a legal question, you should consult an attorney for your specific legal situation. Further, nothing in this article shall be construed to have started an attorney-client relationship. No such relationship exists until both you and attorney Isaac Shutt sign an engagement letter with the Shutt Law Firm, PLLC.

Probate Attorney, Wills Lawyer, and Guardianship Attorney

By Isaac Shutt

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http://www.ShuttLawFirm.com