Legal Question in Wills and Trusts in New York
Do accounts that have beneficiaries named need to be included in a Last Will and Testament in New York?
Does the Will override the beneficiary? Or does the beneficiary stand on it's own?
Asked on 2/24/17, 2:02 pm
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
No
No. The bank account would not be part of the estate.
Answered on 2/24/17, 2:04 pm
Richard Bryan
Richard Bryan Attorney PC
The will does not override a beneficiary designation. Don't forget though it's always possible for the beneficiary to die before the account owner, so you need to consider that when making out the will, just in case.
Answered on 2/26/17, 8:21 am
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