Monthly Archives: July 2019

A common question on most financial/investment account applications is whether an account-holder desires to own the account with one or more persons, with or without survivorship. Owning an account with “survivorship” means that upon the passing of one account-holder, the entirety of the funds will pass to the surviving account-holder (regardless of what the departed account-holder’s will or trust provides). A common question that we encounter is what happens when a will’s language is inconsistent with the titling of an account held with survivorship? The short answer is that the survivorship titling of the account will typically control over a …