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Reply to "Parent passed/Joint account/sister stopped speaking to parent"
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[quote=Anonymous]If op's dad was the sole name/owner on the account with no named beneficiary, than the account would have to go through probate and be evenly divided betwen the two daughters. By adding a joint account holder and naming a beneficiary, the dad made the account a non-probate asset. I think that's what's confusing some people. The sister can breath fire and cry crocodile tears but she has no legal claim to the funds. The dad might've done it intentionally because you can add multiple beneficiaries and account holders. Op, I would assume it was his intent for the money to go to you only. [/quote]
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