David F. Johnson, lead writer for the Texas Fiduciary Litigator blog, presented his paper on “Joint Account Litigation in Texas” to the Texas Bankers Association via a webinar on April 29, 2020. This presentation addresses the creation, ownership, and disputes that arise from joint accounts. It also addresses who owns money in an account during the parties’ life times, the language that is sufficient/necessary to create survivorship effect, community property issues arising from joint accounts, issues arising from missing account agreements, a bank’s potential liability for not properly setting up a survivorship account, bank’s rights and defenses arising from transfers from joint accounts, and general litigation issues surrounding disputes arising from survivorship accounts. See below for a copy of the presentation paper and slides.Joint Account Litigation_SlidesJoint Account Litigation_Paper
To see the presentation slides and paper click the following:
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.