Q: When a married couple in PA has separate wills and the man dies, do all joint accts automatically belong to the wife?
Does this make the estate bankrupt and is the wife then liable to pay outstanding bills?
A:
… hello …
… re joint accounts? - they go to the designated joint owner …
… re bills? - they are payable by the estate …
John
A: Although all joint accounts pass to the surviving wife by law, and avoid probate, and therefore are not included in the probate estate which would be available for husband's creditors, the question as to whether the surviving wife could be liable to pay deceased husband's creditors requires more information that provided here, and this is not a good forum to provide a specific answer to such a detailed and fact specific question.
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