can an estate administrator name a beneficiary on a bank account?
Asked on 5/25/12, 9:46 am
2 Answers from Attorneys
Michele Cusack
Pollak & Cusack
estate accounts don't have beneficiary designations.
Answered on 5/25/12, 10:17 am
Rosemary Meagher-Leonard
Law Office of Rosemary Meagher-Leonard
I agree with Ms. Cusack. Estate accounts do not have named beneficiaries. If you are referring to an account that belonged to the decedent at the time of death rather than the estate's account, then, no the estate administratorcannot name a beneficiary to that account. This account's funds would be divided according to intestate succession.
Answered on 5/30/12, 11:22 am
