Legal Question in Wills and Trusts in Florida
State of fl - My Moms CD, checking & saving account listed "in trust for" me, did not have the beneficiary lines listing anyone. Does that mean I get funds in trust for me-100% or does funds have to be probated per moms will?
Asked on 10/11/10, 2:57 pm
1 Answer from Attorneys
If a bank account reads Mom, ITF You, then upon Mom's demise You gets it without probate and the Will does not control. This type of account is also called a Totten Trust, or a :Poor Man's Will.
Answered on 10/16/10, 3:07 pm
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