Joint Bank Account

[pinkjudy45]

I would like to open a joint bank account with my son, what happens to the money in account when I die, does it automatically go to him?

[Peter Pedant]

Yeah in Law
a son isnt your wife - or shouldnt be hur hur hiur

Northall is four square with the poster
jt acct with the son
APC 's post is about husband and wife accts and as every fule kno, there is no IHT between married couples. But of course that does NOT mean there is no IHT for others

lesson here is to take advice for which you pay
and then you can rely on it
[my nephews duff advice was because there was no contractual relation between the two parties]

[Peter Pedant]

// ith the probate after my husband's death earlier this year,//

sorry for reminding you of a bad event Zeeb

rule still remains no IHT payable on transfers between spouses
( but of course the will had other clauses which may have been chargeable)