Estate of O’Connor

The Court of Appeal affirmed the trial court's holding that, because there was no clear and conclusive evidence of a contrary intent, joint bank accounts passed as a matter of law to petitioner upon her mother's death. The court held that the trial court's finding was supported by substantial evidence where, among other things, mother opened the accounts while daughter assisted with various business affairs, mother indicated to daughter that the money in the two accounts was for daughter's use and daughter had complete access to the accounts; and Wells Fargo confirmed that both mother and daughter had withdrawal rights on the accounts. View "Estate of O'Connor" on Justia Law