What is Right of Survivorship on a Bank Account?
Friday, February 14th, 2014
If you’re diligent about trying to achieve your estate planning goals then you’ve probably prepared a will, set up a power of attorney and possibly also a living trust. You’ve probably also taken those goals into account when you named the beneficiaries on your life insurance, as well as the beneficiaries who would receive your individual retirement accounts and 401(k) plans.
But what about your other financial accounts, namely your bank and checking accounts. You can name a beneficiary on your account, but there’s also another way to make sure that your bank account gets passed on to the person...
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