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What happens in estate with beneficiary outside of will?


Have a question on a will. Decedent's will states that "all remaining money" after closing out estate to be divided amongst siblings. However one of the siblings was listed as the sole beneficiary on a retirement account.

Unfortunately the will was written very generally and doesn't reference
accounts or even category of funds.

Should this account fall under "all money" or is this account somehow outside of the estate and go directly to the sibling?

The best person to ask, if you are the executor, is your attorney.

It appears that "all remaining money" mean money/assets not otherwise bequeathed. The retirement account appears to be bequeathed specifically to one of the siblings.

Many wills are written generally, not referencing specific accounts, since it would be expected that the testator would change banks and investments during the time between the writing of the will and his death.

Again, the executor's best friend in these matters is the executor's attorney.

Beneficiary is separate from the estate. In other words, that sibling will get more money. It could be because that person was a caregiver or in some other way contributed more to the decedents life.

Retirement accounts are not part of the estate and will go directly to the named beneficiary.

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