Legal Question in Wills and Trusts in New York
When the named beneficiary of an iras count I'd deceased and the account is not mentioned in the will where does the money go.
Asked on 7/23/12, 3:34 pm
3 Answers from Attorneys
Roman Aminov
Law Offices of Roman Aminov
The assets will be distributed as per the beneficiary designation in the IRA account, even if the will stated otherwise.
Answered on 7/23/12, 3:36 pm
Arnold Nager
Arnold H. Nager, Esquire
If no secondary beneficiary is named, the heir's of the named beneficiary are entitled to the proceeds.
Answered on 7/23/12, 3:52 pm
David Slater
David P. Slater, Esq.
It is distributed per the residuary clause of the will.
Answered on 7/23/12, 4:11 pm
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