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<p>I would agree with this answer, but go further and say that one
of the survivors could likely withdraw all the funds, possibly
without the others having a remedy. I'm not sure that intent, now
matter how expressed, is enforceable. <br>
</p>
<p>BTW, I think by default bank accounts are joint with rights of
survivorship. Banks don't want to be drawn into issues over when
account holders can withdraw funds.<br>
</p>
<pre class="moz-signature" cols="72">Kary L. Krismer
206 723-2148</pre>
<div class="moz-cite-prefix">On 3/23/2022 4:01 PM, Nicholas
Pleasants wrote:<br>
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<p class="MsoNormal">If it is joint tenancy with right of
survivorship, the account survives, and will not be disbursed
automatically by the bank. JTROS is not the same as a
beneficiary designation. Theoretically any child could go and
withdraw all of it, although if the intent was for it to be
split 5 ways, then the children should request the bank to
issue 5 checks (or wire transfer, etc.) for 1/5 of the account
to each of them.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span
style="font-size:12.0pt;color:black">Nicholas Pleasants |
Shareholder
<o:p></o:p></span></b></p>
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<p class="MsoNormal"><span style="color:#70AD47"><img
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height="95"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#70AD47"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:black">11225 SE 6<sup>th</sup>
Street | Suite 100 | Bellevue, WA 98004<br>
Main: (425) 455-3900 | Fax: (425) 455-9201 | E-mail: </span><a
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<div style="border:none;border-top:solid #E1E1E1
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<p class="MsoNormal"><b>From:</b>
<a class="moz-txt-link-abbreviated" href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>
<a class="moz-txt-link-rfc2396E" href="mailto:wsbarp-bounces@lists.wsbarppt.com"><wsbarp-bounces@lists.wsbarppt.com></a>
<b>On Behalf Of </b>Mario Ledesma, Attorney<br>
<b>Sent:</b> Wednesday, March 23, 2022 1:03 PM<br>
<b>To:</b> <a class="moz-txt-link-abbreviated" href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a><br>
<b>Subject:</b> [WSBARP] Jt with Rt of Survivorship Acct.<o:p></o:p></p>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<div>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Hello,
<o:p></o:p></span></p>
<div>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black"><o:p> </o:p></span></p>
</div>
<div>
<p class="MsoNormal" style="margin-bottom:12.0pt"><span
style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">I
just filed a petition to probate a will. The personal
representative just found out the decedent's bank
account, (his mother) has the five children on as joint
with right of survivorship. I expect the bank will
disburse the account funds (approximately $300,000)
equally between the children. Actually, I'm surprised
the bank has not done it already, the decedent passed
away February 14, 2022. Am I missing something?<o:p></o:p></span></p>
<div>
<div>
<div>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Thank
you!<o:p></o:p></span></p>
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<p class="MsoNormal"><span
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Ledesma<o:p></o:p></span></p>
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<div>
<p class="MsoNormal"><b><i><span
style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">LEDESMA
LAW OFFICES PLLC</span></i></b><span
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</div>
<div>
<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Licensed
in Washington and Oregon<o:p></o:p></span></p>
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<p class="MsoNormal"><span
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<p class="MsoNormal"><span
style="font-size:10.0pt;font-family:"Arial",sans-serif;color:black">Tel:
509.946.1248<o:p></o:p></span></p>
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