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New York Mutual Wills Containing Last US Legal Forms

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New York Mutual Wills Containing Last US Legal Forms

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how is my property transferred after my passing well it depends I'll go through a few scenarios if you have a clear dentified pathway goes to that person let me explain further if you have a bank account that's joint it'll go right to the other person operation of law that's clear John Smith and Jane Smith if he the one pre joint tenants for a bank account it would go to either or if you have a bank account with a beneficiary designation it would go to that person an operation of a law if you have an insurance policy it'll pass to the beneficiary of the policy same with IRA and 401k if you have a property solely in your name and you don't have an estate plan well then the court takes hold of it the court becomes involved in that process and they will give it to your relatives uh in order of relation to you so they don't actually take a hold they don't actually distribute it but they do govern what happens the court will be

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