answered on Jun 15, 2021
Yes--a beneficiary designation takes priority over a Will. A beneficiary designation is a form of "non-probative transfer," which takes place separately from any testamentary documents.
Will her share go to her older children?
answered on Nov 27, 2020
This depends entirely on the language of the Will.
Frequently, the children would be next in line (each receiving an equal share), but without reading the Will there is no way for me to know.
He has no will. I’ve been living in his hook me caring for him for over a year. In February he was going to add me as beneficiary on his deed. The pandemic closed the courthouse until this week. He is now incapacitated and can not do so. Can I add myself as beneficiary? The financial POA states I... Read more »
answered on Jun 5, 2020
Typically, if a POA grants a power then it is legal to exercise that power, assuming doing so doe not conflict with any limitations or restrictions given in the document. Another important caveat is that said power is being exercised in good faith and in keeping with the principal's interests.... Read more »
mom put my sisters name on checking account and title to condo so my sister had total control of all her assets. My mom has given me $12,000 about 4 years ago to buy a car. Never was discussed as a loan. After my moms death my sister decided that was a loan and she deducted that $12k from my share... Read more »
answered on Aug 20, 2019
For a "loan" or "gift" to count against your inheritance, there would need to be a writing from your mother stating it as such.
*This response is the opinion of the author and is intended for educational purposes only. It does not constitute legal advice, nor does it... Read more »
answered on Jul 17, 2019
One option is to have an Estate Planning attorney create a Revocable Living Trust. Many clients concerned with the transition of property and assets upon death find it beneficial to transfer ownership of personal property (including bank accounts) and/or real property into a Revocable Living Trust.... Read more »
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