This Ohio State Bar Association article (available at Law You Can Use) is worth a read because it discusses the legal implications of creating a joint bank account. While joint accounts and the survivorship feature (ownership of the account automatically passes to the other owner(s) upon death) are often intended, this could be also an unintended consequence for many. Effective estate planning highlights such issues to allow you to make an informed decision so that your assets and accounts go to who you intend.
For further information about estate planning, contact Jesse Bowman at the law office of Alexander, Wagner & Kinman (513-228-1100). Our office is a full-service law firm located in Mason, Ohio. A few of the cities we serve are Mason, Lebanon, Cincinnati, West Chester, Dayton, Middletown, Hamilton, Springboro, Franklin and Kettering.
This information is intended to provide broad, general information about the law and is not intended to be legal advice. Before applying this information to a specific legal problem, readers are urged to seek advice from a licensed attorney.
Attorneys Jesse Bowman; Max Kinman; Chris Alexander: David Wagner