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How to divide amount in joint bank account


22-Dec-2023 (In Civil Law)
My father had a joint account with me. Now that he has passed away am I eligible to keep the entire amount to myself or I have to distribute the amount equally among all his legal heirs.
Answers (2)

Answer #1
787 votes
All the moveable and immovable assets of your father, after his intestate death will get divided amongst all the living legal heirs equally as per the Hindu succession act. However in case of contrary, division would be different. For any further legal assistance please feel free to contact Thanks
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Advocate Bhawana Pandey

Adv. Bhawana Pandey

LawRato Delhi | 1000+ Answers
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Answer #2
659 votes
Hi. Since you are a joint holder of the above account mentioned, you are entitled to receive the balance. However, if your father has left behind a Will which mentions the above account, then the balance shall be divided accordingly.
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Advocate Shreyans Singhvi

Adv. Shreyans Singhvi

LawRatoDelhi | 50+ Answers
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