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Author: Issafool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Yet another JTWROS question Date: 2/12/2000 1:05 AM
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My wife has a joint acct with her father. He has essentially no assets; in fact he may die with the estate owing debts. The money in the joint acct was all his,he put it in there so it would pass to my wife on his death without going thru probate.

Two questions:
1) If he dies with debts, will that money actually pass to my wife or does it belong to the estate until the debts are paid?

2) Is there any way that having that joint account will somehow obligate my wife for any of his debts (or at least above and beyond what is in the account)?

Thanks!

Issafool
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