Legal Question in Wills and Trusts in Massachusetts
hello
My mom has a will. All of her posseions are to be divided up four ways. However, she has some accounts that have beneficiaries. Does one overide the other? I assume, whatever bank or investment account has a beneficary, that person will receive it. And whatever does not have a beneficary will get split four ways.
Is this correct/
Asked on 11/04/09, 12:39 pm
2 Answers from Attorneys
Joseph Godino
Silverman & Godino
You are correct. Assets with named beneficiaries, including life insurance, do not pass through the will. The will only disposes of property in your mother's name alone.
Answered on 11/09/09, 12:56 pm
Your description is accurate. Those accounts with designated beneficiary will get those accounts. Those items and accounts without a designated beneficiary will be distributed according to the Will.
Answered on 11/09/09, 2:12 pm
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