Take care so bank/broker don’t interfere with your Will
This column first appeared in the San Antonio Express-News on June 23, 2017. In fact, your parents wanted exactly what the lawyer wrote: that each of their children would receive 50% of their assets when they both died. The problem is not the Will. Rather, the problem is that banks and brokers have power to override the terms of a Will when accounts are established, and that they do so without properly warning the accountholders of the impact. Let me give you an example. Dad