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Money and Finances
Reply to "Debt after death"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What exactly is her estate when their was nothing soley in her name?[/quote] Her interest in jointly owned assets is included in her estate. Joint ownership doesn’t negate the fact that at death she owned it. It just makes it easier for the survivor to assume complete ownership.[/quote] At death, her interest in joint accounts ceases to exist. The debt is part of the estate, but the accounts aren't [/quote] No. You are wrong. Net assets transfer so full title vests in the joint owner. Your assessment would lead to absolutely ludicrous results.[/quote]
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