Do Bank Accounts with Beneficiaries Have to Go Through Probate? | Estate Planning Question & Answer
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- เผยแพร่เมื่อ 15 ต.ค. 2024
- Attorney Thomas B. Burton answers the following question: "Do Bank Accounts with Beneficiaries Have to Go Through Probate?"
Welcome to another informative episode of our Estate Planning Question & Answer series, where Attorney Thomas B. Burton addresses your pressing estate planning queries.
In this episode, we tackle a common question: "Do Bank Accounts with Beneficiaries Have to Go Through Probate?" If you've ever wondered about the implications of naming beneficiaries on your bank accounts, this video is a must-watch.
📜 Discover key insights about avoiding the probate court process and how naming beneficiaries can streamline the distribution of your assets, ensuring your loved ones receive their inheritance efficiently. Attorney Burton provides valuable tips and guidance to help you make informed decisions when managing your financial affairs.
Don't leave the fate of your assets to chance - empower yourself with the knowledge you need for effective estate planning. If you find this video helpful, please give it a thumbs up, share it with friends and family, and subscribe for more insights on estate planning, wills, trusts, and much more.
Remember, estate planning is a crucial aspect of securing your family's future, so let's navigate it together. Watch the full video now and take control of your legacy. 💼🏡💞
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Thank you for always sharing your knowledge freely to help folks around the country. I always enjoy your videos!
Due to a very slow probate process with my step-son (resided in Dallas County, Texas) that took 3 months just to approve the will, I decided to reorganize my assets to bypass probate.
My situation is pretty simple, my wife is my primary concern. I designated POD or TOD on all accounts and assets. The only things not included is essentially personal property which with nothing of remarkable value, I know the courts will easily accept any small number as reasonable. Anytime I wish I could tweak the PODs to share with or be designated to other people if I wanted to. We do have wills, advance directives, etc. but I am very pleased to not subject survivors to a probate process.
Great job planning ahead to make things as simple as possible for your wife and heirs. Thanks for sharing your experiences in Texas.
Great info. Knowledge is power we all need it. Thanks fir being clear and easy to understand
Here in california we have transfer on death deed for houses (tod ) and you can do the same for car registration and vehichle ownership almost making a will not nessasaty for many .
Glad to hear you have so many great options to avoid probate on assets in California! It is great you are taking advantage of them! Thanks for sharing.
How do beneficiaries know what the deceased settlor set up as far as what is probate assets and non-probate assets if trustee/beneficiary ( 1 of 5 ) refuses to provide any written or accurate information as to what will and trust inventory is categorized?
Thank you.
I am a Beneficiary in a Will and have been left with All Balance of Monies in the Deceased’s Bank Accounts. I am still confused as to what that means exactly.
People, do not fail to structure your assets to transfer to who you want to have them. Will should be option #15, not #1. Many others are out there who may drag the will fight out until every penny goes to multiple attorneys. This attorney is giving you great options #1-10, so listen up.
NO! You walk in with your valid ID and the death certificate.