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Last Will Form

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Instructions and help about dc will

pay on death beneficiary versus a last will and testament one of the things we see that comes up a lot is in mom's last will and testament it says that her bank account is to be split up between her three kids the problem is she puts a pay on death beneficiary of just one of her children on that bank account so that bank account now becomes a non-probate asset in other words it does not go into the probate because the bank doesn't care whether there's a probate or not doesn't care whether there's will doesn't care whether there's trust all they care about is there's a valid pay on death beneficiary and they pay to that person so then it's up to that individual whether or not they're going to honor the wishes of their mother so a lot of times unfortunately that doesn't happen

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