Legal Question in Wills and Trusts in Virginia
Does an IRA with non-spouse beneficiaries bypass probate in Virginia?
Asked on 4/17/12, 12:22 pm
1 Answer from Attorneys
Paul B. Ward
Law Offices of Paul B. Ward
It's treated pretty much the same as an insurance policy with a named beneficiary; no probate.
The value of the IRA would be included in the gross taxable (v. probate) estate.
Answered on 4/17/12, 2:04 pm
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