Presentation: Joint Account Litigation in Texas

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David F. Johnson, lead writer for the Texas Fiduciary Litigator blog, presented his paper on “Joint Account Litigation in Texas” to the Texas Bankers Association via a webinar on April 29, 2020. This presentation addresses the creation, ownership, and disputes that arise from joint accounts. It also addresses who owns money in an account during the parties’ life times, the language that is sufficient/necessary to create survivorship effect, community property issues arising from joint accounts, issues arising from missing account agreements, a bank’s potential liability for not properly setting up a survivorship account, bank’s rights and defenses arising from transfers from joint accounts, and general litigation issues surrounding disputes arising from survivorship accounts.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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