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Arizona Banking Questions & Answers
1 Answer | Asked in Banking and Probate for Arizona on
Q: My mom past away in may of 2017. I have a sister and brother that have not been involved in her life since 2001.

I have been the only one taken care of her we lived together for since 2010. She had no will. I can't close her bank account because my brother feels he's entitled to the money. Mom left a letter but didn't sign it stating the two of them were to get nothing that she had no son as... View More

Peter H. Westby
Peter H. Westby
answered on Nov 24, 2017

If your Mom was unmarried at the time of her death and had no will, her estate passes to her children in equal shares under Arizona law. Since the affidavit procedure did not work for you, the next step is to open a probate. I recommend speaking with a probate attorney to learn more about this... View More

1 Answer | Asked in Estate Planning, Banking and Securities Law for Arizona on
Q: Can people be removed from a TOD annuity account?

3 children set up with a transfer on death stocks account. Account owner wants to remove 2 of them. Is it possible?

Kenneth V Zichi
Kenneth V Zichi
answered on Jun 22, 2017

Assuming this was done as a way to name beneficiaries, and also assuming the owner is of sufficiently sound mind to make such a decision, of course.

If it is a trust account based on a document, you can't just change the designation at the broker but you have to also change the trust....
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1 Answer | Asked in Banking and Divorce for Arizona on
Q: I want to get a ledger of my wife banks accounts, I have a power of attorney for finance but the banks refuses to give ?
Tevis Steven Reich
Tevis Steven Reich
answered on Mar 2, 2017

There is likely something wrong or insufficient with the document you are presenting. Is it a springing power of attorney. Has the POA been revoked? I would suggest you speak with an attorney in your area who will be able to assist you.

1 Answer | Asked in Banking for Arizona on
Q: Can a bank refuse to acknowledge an affidavit signed by the successor that transfers ownership of an account to another?
Adam Studnicki
Adam Studnicki
answered on Oct 11, 2015

A lawyer can review the documents and advise.

Please Take Notice: I am not your lawyer unless we enter into an engagement agreement in writing. This is only general information. It is NOT legal advice, and it may not work for your specific situation. It is impossible to evaluate a legal...
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