Sec. 36a-292. (Formerly Sec. 36-3a). Liability of survivor receiving payment on joint deposit account or share account.
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/ct/title-36a/chapter-665a-deposits/36a-292·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Whenever all or any portion of the balance of any deposit account or share account which is a joint account under section 36a-290 has been paid, after the death of one account owner to any surviving account owner or owners, and if the deceased account owner has left no other estate of sufficient value for the payment of claims against the deceased account owner's estate, such survivor or survivors or, if any such survivor is incapable, the legal representative of such incapable survivor, shall pay to the representative of such estate or, if there is no such representative, and subject to the terms of subsection
(b)of this section, directly to the claimant, from such joint account or from its proceeds, any valid claims against the deceased account owner's estate for such deceased account owner's funeral expenses, for the expenses of settling such estate, for any debts owed for the last sickness of such deceased account owner, and for any debt due to this state for aid or care to the deceased account owner. The aggregate liability of the surviving account owner or owners, under this section, shall not exceed an amount equal to the balance of such joint account on the date of the deceased account owner's death divided by the number of owners of such account immediately before the deceased account owner's death.
(b)After pursuing all remedies available for payment from any estate left by the deceased account owner, any person to whom any of the claims, expenses or debts listed in subsection
(a)of this section are owed shall have direct recourse to such survivor, survivors or legal representative of any such incapable survivor for such claim, expense or debt, but only to the extent of their liability under subsection
(a)of this section, and shall thereafter have no further recourse against the deceased account owner's estate for such claim, expense or debt.