Ask Experts Questions for FREE Help !
Ask
    cmo824's Avatar
    cmo824 Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 23, 2007, 11:20 AM
    Wills
    Hi,

    Recently my grandma passed away. She had a will and she appointed an executor to carry out her last wishes. Due to family conflict the executor has decided to step back and allow an attorney to carry out the will. Now I know that all of the bank accounts have beneficiary desingation however the will states that the money is to be divided between the children. If the attorney opens an estate account what will happen? Does the bank still pay the funds to the beneficiaries or is the attorney able to take all of the money open the estate account and disburse to the children whether or not they are the beneficiaries on file with the bank?
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
     
    #2

    Feb 23, 2007, 12:52 PM
    A will can not supercede the beneficiary of an account. The money in each account goes to the beneficiary once the original owner dies. However, since there already is conflict in the family I am sure someone will find a lawyer who does not agree with my opinion.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Wills [ 1 Answers ]

Is there a limit of time for a family member to request to view a deceased family member s Will? Who would a person contact to see the will?

Wills [ 2 Answers ]

I was just wondering what the California law is about the following. After my mother died my ex sister in law at the day of the funeral approached my father to sign things over to her, I believe he did? Then re recently got married and the lady talked my father into signing things over to her. As...

Trusts and wills [ 3 Answers ]

Who has the legal right to request to view a trust or will document?


View more questions Search