FckMitch t1_iyf7q4m wrote on November 30, 2022 at 11:07 PM

Reply to comment by ellieappa in How to handle the finances upon the death of my father? Can I just move things on my own? by beautifulcan

I think he can just set TOD beneficiaries as 50/50 sister and him without setting up joint accounts. At death Bank will pay out 50% to him and 50% to sister.

ellieappa t1_iyf92ch wrote on November 30, 2022 at 11:17 PM

That's cleaner option and just work through distribution after death. There are banks, however, that won't let you set TOD ( I have one like that) or not allow multiple people on TODs. If there isn't accessible fund set aside to cover funeral and other expenses it makes it difficult to access those accounts legally in a timely manner unless he or his sister is on that account as well.