Legal Question in Wills and Trusts in Pennsylvania

Yes. The will only covers probate assets. Things like IRAs, life insurance, joint checking accounts or annuities are no-probate assets that usually have a designated beneficiary - either a person or trust. The named designated beneficiary in that case would receive that asset. The exception might be where a person does not name a beneficiary. In such case, the non-probate asset would have to be received by the estate of the decedent and pass as directed in the will.