Video Summary
If I leave someone money in my Will, can it be paid from a joint account? The answer is no. It cannot be paid from a joint account. A joint account has a signature card which says who owns the account upon whenever someone passes away the Florida law is the joint accounts will automatically go to the co-owner of the account or both parties on the account. So know that you can only request that and your will that someone pay that money out of a joint account, but that’s not legally binding and know the executor has no control over a joint account. An executor, in order to pay out devices can only pay those from assets or title in the decedent’s name alone. They’re in a probate proceeding. If there are no assets in a probate proceeding and they’re all jointly held, there is no probate, there’s no executor and all the assets passed without probate to whoever the join owner is or the designated beneficiary of the various accounts. If you have any questions, give me a call at (727) 847-2288.