Legal Question in Wills and Trusts in Alabama

does named beneficiaries on bank account have to share with siblings not beneficiaries


Asked on 1/13/11, 8:55 pm

1 Answer from Attorneys
James Coleman Murchison & Howard, LLC

If your question is does a person who is named as a Pay on Death beneficiary have to share proceeds from an account naming that person as a beneficiary with others, the answer is no.

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Answered on 1/19/11, 6:32 am


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