Legal Question in Wills and Trusts in Virginia
no designated beneficiary
Hello,
this is my 2nd marriage and it is also my husbands 2nd marriage. I recently discovered that my husband has 4 secret bank accounts and no beneficiaries on them. He has 3 grown children and I don't have any. If he were to die, who would get this money?
Thanks,
Erin
Asked on 6/04/07, 11:15 am
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: no designated beneficiary
If your husband were to die with no will and no beneficiaries named on these accounts, you, as his surviving spouse, would likely be entitled to 1/3 of the assets in his estate, including those in these so-called "secret accounts".
Answered on 6/04/07, 11:36 am
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