Inheritance - Values in Bank Deposit
The newspaper Correio da Manhã Canada publishes the article "Inheritance - Values in bank deposit" in the 10/9 /2020 edition by Carlos Nunes, CEO of Fire Horse.
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Our reader João Santos, from Toronto, raised some questions, among which we highlight the following comment / question:
“(…) and so my sister kept all the money in the account …”
We would like to start by thanking you for the email you sent us. Of the multiple questions you have asked us, it is not possible to answer all of them in this space. In addition, it is absolutely necessary to consult a Lawyer, Solicitor or even a Notary, in Portugal, to help you to unravel the situation in which you find yourself.
Unfortunately, as people say, often the inheritance “is what the one who dies here leaves for the living to follow them faster!” . Family conflicts are, however, unpleasant.
Answering your question, and believing in what you transmitted to us, your mother, still in life, signed the bank documents that transformed a personal bank account into a plural / collective account, that is, with several holders and chose the solidarity modality. That is to say that both your mother and your sister could move the account for you, that is, as just a signature. It is nothing strange, as elderly people lose their ability to move easily and choose to entrust this management to someone close to them. Therefore, there is no doubt that it could have “lifted” all the money.
In the case you point out, you say that your sister took all the money after your mother died. Therefore, the values left by your mother are part of the inheritance and will have to be considered for sharing purposes.