Do Bank Accounts with Beneficiaries Have to Go Through Probate? | Estate Planning Question & Answer

[@birdkitty6817]

Thank you for always sharing your knowledge freely to help folks around the country. I always enjoy your videos!

[@mintamaharaj9552]

Great info. Knowledge is power we all need it. Thanks fir being clear and easy to understand

[@gbinman]

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.

[@BurtonLawLLC]

Great job planning ahead to make things as simple as possible for your wife and heirs. Thanks for sharing your experiences in Texas.

[@stevencole7331]

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 .

[@BurtonLawLLC]

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.

[@cyberprince8272]

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.

[@oleopathic]

Thank you.

[@DaphneLetares]

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?

[@rjsimpkins2911]

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.

[@2cartalkers]

NO! You walk in with your valid ID and the death certificate.