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Negotiating Complicated Checks

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Question: 
Can a check payable to "JANE DOE Life Estate Tenant u/t/w of John Doe, Deceased and Child 1, Child 2 & Grandchild 1, Remaindermen" be deposited into the life tenant's individual account or a multiple party account owned by all named parties?
Answer: 

Yes, if she is alive. The remaindermen have no legal interest in the payment.

First published on 12/03/2023

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