Does a will supersede a desinated beneficiary on a broke ridge acct
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Does a will supersede a desinated beneficiary on a broke ridge acct
What is honored first, a will or brokerage acct?kp
Asked on April 4, 2017 under Estate Planning, Florida
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
An accounts with a designated benenficiary such as a brokergae account (or an IRA, 410k, life insurance policy, etc.) do not become not part of the deceased's estate. Therefore, a Will has no effect on them; they pass directly to the person listed as a bene.ficiary
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