IF a savings account is not covered in trust does it go to next of kin?
2 Answers | Asked in Estate Planning Law for California on Mar 16, 2013.
Answered On Apr 10, 2013
If the savings account is in the name of more than 1 person, with "right of survivorship", it will go to the other person on the account. If not, it goes to the person (or people) named in the account holder's will. If there is no will, it goes to the next of kin. Who is next of kin will be determined by your state's intestacy laws.
Answered On Nov 10, 2013
If the account was not in the trust due to an error and was intended to be transferred into the trust, it may still be included in the trust property under Heggstad Case. If it were in joint tenancy, the survivor gets the account. Good luck.