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scottish law finances

1 reply

Doha · 02/04/2012 22:44

My DM and l have a number of bank accounts/bonds in joint names payable to either or survivor.
Can anyone tell me what this means? She took them out -it is her money- so that if she became unable to manage her finances l could have access to do it for her.
Now she is almost 90 yeras old, a wee bit unfit but with a complete set of marbles. I do not wish it was otherwise but what would happen in the event of her death. Can l empty the accounts to share with my sister or does it have to go to the lawyers dealing with her estate??

OP posts:
OldLadyKnowsNothing · 03/04/2012 01:51

Not a lawyer, but "either or survivor" sounds like in the event of your mother's death it will all revert to you to do with as you wish. But it would be worth contacting your bankers to ask.

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