Joint Account without Payable-on-Death Designation. When one owner dies, his or her interest in the account and the funds in the account are owned by the surviving owner or owners of the account, subject to the terms of this Agreement. Upon the death of the final owner the funds in the account belong to that owner’s estate and can be claimed by that owner’s legal representative or claimant subject to the terms of this Agreement. You understand that it is your responsibility (and not ours) to inform your legal representative(s) about your account(s) with us.
Joint Account without Payable-on-Death Designation. Upon the death of an account owner, ownership passes to the surviving account owner(s). Upon the death of the last surviving owner, ownership passes to the last surviving owner’s estate.
