Legal Question in Wills and Trusts in Arizona
My father appointed his sister as the executor of the estate and left everything to me, his daughter, in his will. The life insurance policy is listed me as beneficiary. His accounts:401k, investment accounts and bank accounts all have her name on them or have her as the beneficiary. What does that mean for me?
Asked on 11/21/10, 9:40 pm
1 Answer from Attorneys
Donald Scher
Donald T. Scher & Associates, P.C.
That means that those accounts will go to her upon his death, outside of probate/the Will, unless he changes those account beneficiary designations.
Answered on 11/27/10, 10:38 am
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