Q: If both spouses die "simultaneously" and they have different back-up executors to their will, which executor handles the
which executor handles the jointly owned accounts? Who does the money in those accounts go to?
The funds in the joint account go to the second spouse to die and administered under the will of the second to die. If the order of deaths is unknown, then you need to speak to an attorney.
Other assets are more complicated, as it depends how the wills were written and how they address deaths happening in close proximity to each other.
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A more thorough analysis would be needed. Here in Ohio, a beneficiary must survive the principal by a least 120 hours or they are viewed as having predeceased the other. As for the executor, each person has their own probate and you can have a different person for the husband/wife's case.
All in all, I recommend sitting down with a probate attorney who can review the details of this case and advise you.
Best of luck.
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