Legal Question in Wills and Trusts in Ohio
Money market benefciary
My mother-inlaw has a will that leaves everything to her 2 remaining children to be split in 1/2.
My question is about money she has in a Money Market Account.
My wife's brother is the sole benificiary on the account. Does the funds in this account go directly to him or will they be split under the terms of the will?
Asked on 3/16/08, 11:23 am
1 Answer from Attorneys
Christine Socrates
Meyers, Roman, Friedberg & Lewis
Re: Money market benefciary
The Money Market Account will pass to your wife's brother if he is listed as the beneficiary and will not be governed by the terms of the will. The will only applies to property that that will be probated.
Answered on 3/18/08, 10:00 am