Quote:
Originally Posted by troutman
This often leads to elder abuse, and litigation over whether the joint account was intended as a gift or not.
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I don't doubt it. Would be shockingly easy to do.
My mom put me on as joint owner of all of her investments. When she died, the investment advisor told me they were mine and I didn't have to include them in any disbursements to the beneficiaries. I'm like, 'dude, you were there when we made these joint...that's the exact opposite of her intentions...fk you.' Yanked all the money out of there and distributed per her intentions and Will as though it wasn't mine (since it morally/ethically wasn't).
I was also the executor for my uncle and we did the same thing.
Would be a shame to be unable to trust your executor, but you're right that people can be giant POSs, so your advice is better than mine (obviously!).