If a parent dies and there is no Will, does a child of the deceased have the right to assests in an account if they are not the beneficiary?
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If a parent dies and there is no Will, does a child of the deceased have the right to assests in an account if they are not the beneficiary?
My grandfather passed away and did not leave a Will. My dad is the beneficiary on his account. Is his sister entitled to those assests?
Asked on April 21, 2012 under Estate Planning, Louisiana
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
I am so sorry for your loss. If you mean that your Father was listed as a "POD" or payable on death account means that the money will transfer to the individual named in the event of the person's death. Technically they avoid probate and are not part of your grandparent's estate. Good luck.
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