IN RE: ALICE G. NOVOSIELSKI: PA Supreme Court Rules On Joint Account Case MARCH 25, 2010. The Supreme Court of Pennsylvania overturns the Superior Court on appeal. I think the Supreme Court got this one right. You can read the entire Novosielski Case here, but the general ruling is that accounts made joint by a decedent AFTER the signing of his or her Last Will and Testament will still transfer to the surviving joint account holder. The Superior Court’s earlier ruling that accounts made joint after a will was signed, and in contradiction of the terms of the will, could have been rendered invalid and the joint assets transferred according to the decedent’s will. The earlier ruling would have necessitated revisions of wills and close scrutiny of the timing of joint account creation. It also jeopardized the sanctity of the joint account contract between a financial institution and its customers. We, as PA Estate Planning and Probate Attorneys and PA Residents can breathe a sigh of relief.
Please feel free to contact Douglas L. Kaune, Esq. to discuss the preparation of wills, powers of attorney, trusts and living wills.