What Happens When Joint Owners of a Bank Account Die Simultaneously in Tennessee?
Sometimes, two individuals who own a bank account as joint tenants with right of survivorship or tenants by the entirety, die at the same time. In this situation, the question is, what happens to the money in those accounts? Normally, joint tenant accounts with Right of Survivorship immediately pass to the surviving individual on the account. However, if there is a simultaneous death, the ownership of these accounts is often an unresolved issue. Thankfully, Tennessee adopted the Uniform Simultaneous Death Act long ago. T.C.A. § 31-3-104 provides as follows:
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