Distribution of joint bank account on death

[darvas]

Two friends have joint bank account which they use for leisure, sports, travel etc. Both contributed
equal amounts. Account contains E15,000 approx.
Both are married and have wills made leaving their assets to their respective spouses.
One of the friends dies. How is the joint account dealt with? Does the surviving friend keep all of the
joint account or is half given to widow of deceased?

 

[luckystar]

The share of the deceased would go to his/her estate - so the surviving spouse

 

[jpd]

It depends on how the joint account was set up
Joint tenants - balance goes to survivor
Tenants in common - balance goes to deceased's estate

Both Bank of Ireland and AIB assume Joint Tenancy by default