Legal Question in Wills and Trusts in Ohio
will, probate and investment funds
If my investments ( mostly CREF) have named beneficiaries, will they need to go to probate court when I die? What exactly does need to go to probate court if you have a will?
Asked on 5/27/08, 8:54 pm
1 Answer from Attorneys
Robert Rosplock
Rosplock & Perez
Re: will, probate and investment funds
Only assets you own individually go through probate. Any assets you own jointly with a right of survivorship, and assets where you have designated a beneficiary, go directly to the co-owner or beneficiary at your death outside the probate process. Assets owned by a trust at death also avoid probate.
Answered on 5/28/08, 9:04 am
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