Legal Question in Wills and Trusts in Ohio
Asset distribution upon death
If I have a will that designates asset distribution and also have beneficiaries upon death on file with financial organizations for assets held there, which one takes precedence? Can the assets with beneficiary on file be distributed and avoid probate?
Asked on 1/14/07, 6:37 pm
1 Answer from Attorneys
Robert Rosplock
Rosplock & Perez
Re: Asset distribution upon death
Beneficiary beneficiary designations to individuals make the underlying asset non-probate. Such assets are not administered as part of the probate process.
Answered on 1/15/07, 8:55 am
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