The Moneyologist: My father died and my sister emptied the $100,000 in his bank account

Terrence Horan/MarketWatch

Dear Moneyologist,

During Christmas 2012, my father told my sister and me that he had made my sister a signatory on his bank account so she could pay bills from his bank account when he died. He looked at us and said, “The rest gets split between you two.” He died suddenly five months later (my mother predeceased him two years earlier). Despite what he told us, my father did not have a will. After nearly four months in probate I learned that Dad had accidentally made my sister an owner of his bank account, not just a signatory.

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