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Is joint bank account considered part of an estate?

Eau Claire, WI |

My mother in law recently passed away. She had a bank account that was joint with my wife. Is this account considered part of her estate, even though it was joint with my wife?

Attorney Answers 4


  1. Best answer

    No, it is not a probate asset. Upon the death of one member of a joint tenancy, the remaining owner(s) own the whole. Your wife can put the account in her name alone with only a death certificate. The one catch is that the Wisconsin Estate Recovery Program may have a right to funds even in a joint account if the decedent received Medicaid (medical assistance) from the State of Wisconsin.


  2. Under the laws of most states, joint bank accounts are not considered part of the estate and pass to the surviving joint tenant.

    James Frederick

    I am licensed to practice law in the State of Michigan and have offices in Wayne and Ingham Counties. My practice is focused in the areas of estate planning and probate administration. I am ethically required to state that the above answer does not create an attorney/client relationship. These responses should be considered general legal education and are intended to provide general information about the question asked. Frequently, the question does not include important facts that, if known, could significantly change the answer. Information provided on this site should not be used as a substitute for competent legal advice from a licensed attorney that practices in the subject area in your state. The law changes frequently and varies from state to state.


  3. In general it depends - if the account was held with "rights of survivorship" or you had named each other "pay- on-death" beneficiaries, then the funds in the account should pass outside the will or probate. The bank should be able to transfer the balance to an account in your name (only) with a death certificate.

    On the hand, if the the account is joint only in the sense that either of you could withdraw funds, then your spouse's share of the account would be included in her probate estate. (Her share of such account would be affected by WI marital property rules, which are similar to community property.)

    Two important caveats: If your spouse had debts in excess of her probate assets, you will need to consult with a WI attorney to determine whether and to what extent the joint account is subject to such debts. Second, regardless of the type of joint account, it will be included (at least half) in the "gross estate" for federal estate tax purposes, even if it is not part of the probate estate, and you should consult a tax advisor regarding whether filing an estate tax return is advisable under your circumstances considering the portability of your spouse's estate tax exemption.

    NOTICE: The foregoing is provided for general informational purposes only and is not intended to create, and should not be construed as creating, an attorney-client relationship. Legal advice that you rely upon in making important decisions should only be obtained from direct communications with a lawyer licensed in your jurisdiction after there has been a full disclosure of all of the relevant facts. That said, you should never provide information that you intend to be confidential or privileged on a forum such as this, and you should never rely on information provided here as a substitute for such legal advice. Also, please note that any U.S. tax information provided above is not intended to be used, and may not be used, for the purpose of avoiding penalties imposed under the U.S. Internal Revenue Code or for promoting, marketing, or recommending any portion of this communication to any party.


  4. The account, if held jointly would not a be probate asset. But the value of the your mother-in-law's share of the account, if not the whole value of the account, is part of her estate for estate tax purposes.

    There is an exemption amount that may preclude any estate tax liability in this particular case.

    Whoever is going to administer the estate (that person is called the personal representative, in Wisconsin) should contact an attorney, who is experienced in probate and estate tax matters.

    The foregoing is intended to merely provide additional information to the individual posting the question and to anyone reading the question and/or answers provided. There is no specific legal advice provided. Specific advice cannot be given without first forming an attorney/client relationship. This informational answer is not legal advice, and should not be relied on, since it is impossible to appropriately evaluate a legal problem without a comprehensive consultation and review of all the facts and documents at issue.

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