I would appreciate any information regarding the following issue.
There are a number of bank accounts and CD's held jointly between a parent and adult child. Parent has passed away leaving said child trustee of estate. A few items not included in trust will be probated and same child is executor.Trust and will state that all estate assets are to be divided equally among the several children - specifically states ...''notwithstanding any accounts (currently or in the future) which are held jointly with one or more children...''
The bank feels these accounts belong to the joint owner because they passed directly to this person outside the trust and are not subject to probate.
Do the wishes stated in a trust/will supersede the joint with survivorship designation on the various bank accounts? Is it legal to close joint accounts and refuse to share with other siblings?
What proof is necessary to challenge the closing of these accounts or is the wording in the trust enough evidence?
Longstanding family drama eliminates any warm fuzzy feelings so I am interested in strictly legal rather than what might be considered "nice". Thank you very much for any information/advice you may offer on this matter?