Joint accounts are generally subject to the right of survivorship, meaning the funds usually pass directly to the surviving account holder rather than forming part of the estate. For estate administration purposes and to avoid confusion, such accounts cannot typically be distributed through a standard Will template.
If a testator wishes to allocate funds from a joint account differently, this requires customised drafting with clear documentation of the rationale, contributions to the account, and awareness of the joint account holder. This helps minimise ambiguity and potential legal disputes.
If you require more complex instructions and assistance with drafting your Will, we kindly recommend reaching out to our trusted service provider for expert guidance and support. They specialise in tailored solutions to meet your specific needs.
Please email us to schedule a consultation with our partners.