Legal Question in Wills and Trusts in California

probate/tax exempt?

When someone inherits federal t bills POD -are those t bills exempt from probate and are they not counted as part of a estate that may exceed $2million?


Asked on 10/19/06, 10:26 pm

1 Answer from Attorneys
Scott Linden Scott H. Linden, Esq.

Re: probate/tax exempt?

It would depend on the beneficiary designation. Because they are POD, if you are the named benficiary, then they would be treated like life-insurance, a non-Probate interest. If, however, the named person was the purcaser,, and this is obviously the person who passed away, then the money would go to the estate and then would be subject to Probate.

Please feel free to contact our office to set up a free consultation with Attorney Anthony Grossman.

Please also feel free to learn more about Trusts and Wills on our firm's website at No-Probate.com.

Regards,

Scott Linden

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Answered on 10/25/06, 3:45 pm


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