Page 22 - Leisure Living Magazine Autumn 2018

Joint Bank Accounts
Continued from page 21
A: The law varies from state to state. In 1989, the National Conference of Commissioners on Uniform State Laws proposed that uniform leg- islation called the Multiple-Person Accounts Act be adopted in all states. Among other things, the provisions of this Act encourage banks and credit unions to offer pay-on-death accounts and agency accounts as alternatives to joint accounts by protecting the financial institution if it pays in accordance with the terms of the bank ac- count contract. This Act has not been adopted in Ohio, but as of August 2017, it had been enacted in Florida, Alabama, Nebraska, Massachusetts, Montana, Arizona, the District of Columbia and the U.S. Virgin Islands, according to the National Conference of Commissioners on Uniform State Laws. A number of other states have adopted similar provisions as part of their probate codes, so distribution after death in accordance with the actual terms of a joint bank account in most cir- cumstances is now the law in more than half of the states, according to the National Conference of Commissioners on Uniform State Laws.
This “Law You Can Use” consumer legal information col- umn was provided by the Ohio State Bar Association. It was prepared by H. Grant Stephenson, an attorney with the Co- lumbus firm of Porter, Wright, Morris & Arthur.
Articles appearing in this column are intended to provide broad, general information about the law. This article is not intended to be legal advice. Before applying this information to a specific legal problem, readers are urged to seek advice from a licensed attorney.
2018 - 2019 Season
Saturday, October 13, 2018 at 7:30 pm ECHOING AIR EARLY MUSIC ENSEMBLE Music of the English
Baroque
Thursday, December 13, 2018 at 7:00 pm
BURNING RIVER BRASS
Our Christmas gift to the community
Sunday, January 6, 2019 at 3:30 pm
DETROIT SYMPHONY ORCHESTRA STRING TRIO
All First Chair Players, Violin, Viola and ‘Cello
Sunday, March 24, 2019 at 3:30 pm
HARMONIA, FOLK AND GYPSY MUSIC OF EASTERN EUROPE
Sunday, April 14, 2019 at 3:30 pm
GREATER CLEVELAND FLUTE CHOIR “ERIE WATERS”
Returning by popular demand
Sunday, May 12, 2019 at 3:30 pm
KATIE MAHAN
International Steinway Artist
Sunday, June 2, 2019 at 3:30 pm
BOYD MEETS GIRL
RUPERT BOYD, Guitar
LAURA METCALF, ‘Cello
Husband and wife make beautiful music together
All concerts at Firelands Presbyterian Church,
2626 East Harbor Rd., Port Clinton, OH
Tickets $15 at the door; students and children admitted free. For information or season tickets, call 419-734-6211, go to WWW.MUSICALARTSPORTCLINTON.COM, or find us on Facebook (The Musical Arts Series/Port Clinton).
Saturday, Nov. 10,
2018 at 7:30 pm
MICHAEL SHIRTZ
QUARTET
An Evening with Dave Brubeck
This Space Donated As A Community Service
By Leisure Living Magazine
323 Buckeye Boulevard Port Clinton, Ohio 43452
419-734-7140
fax: 419-355-8073
1908 Hayes Avenue Fremont, Ohio 43420
H
aynes Financial services Patrick J. Haynes
Helping Small Businesses Stay In Balance For Over 45 Years
haynespj1@yahoo.com
22 |LeisureLiving Autumn 2018
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