Are Joint Accounts Safe From Your Estate?
The appellate division recently overturned a Nassau County case.
The appellate division recently overturned a Nassau County case. It was determined based on the facts of the case, that the joint account was established merely as a convenience and that the joint owner was on the account for convenience. Upon finding that the account was created merely to protect the assets and for the convenience of the testator, the court ordered that the proceeds be turned over to the Estate. Matter of Dubin.
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