In Ohio, joint bank accounts have a survivorship feature even if the account is not designated as an account with survivorship. This means that following the death of one of the owners of a joint account, the ownership of the account automatically passes to the other owners. This is an easy method of estate planning and the reason for the popularity of joint bank accounts. For example, a parent can open a bank account with a child as the joint owner and know the child will own the account at the parent’s death.
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