|
12-24-2021, 10:25 AM
|
|
Sage
|
Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
Posts: 7,871
Thanks: 14,331
Thanked 5,109 Times in 1,955 Posts
|
|
Quote:
Originally Posted by SusanStCatherine
ASSIGN DIRECT BENEFICIARIES
Based on my experience:
(I suggest you check with a lawyer)
On individually titled accounts, any asset that allows a beneficiary designation will go directly to the designated beneficiary(ies) upon death. Just show death certificate - it's as simple as that. These account designations take precedence over the will and do not go through probate.
Make sure all of your beneficiaries are designated and who you want to inherit.
|
Totten trusts (POD accounts): What Is a Totten Trust? | Nolo
__________________
"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
|