Mukwonago, WI asked in Estate Planning for Wisconsin

Q: My fathers will reads, all his assets be split between his children evenly! One stock had a beneficiary. Split that too?

Does that stock get split also even though there's a beneficiary?? Beneficiary is my sibling. My father was taken to bank by said sibling and that's why his name is on the paper??

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1 Lawyer Answer
Anthony M. Avery
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  • Estate Planning Lawyer
  • Knoxville, TN

A: Stock Certificates do not have a beneficiary. The owner(s) name is listed. If stock lists another owner other that Father, then that person owns some interest, probably the entire stock. It is doubtful that Father died owning that stock, so it is an asset passing outside of the Estate.

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