Legal Question in Wills and Trusts in New York
No Will Provided
My mother died recently in a fire all her papers and everything else was destroyed. She left no will. My question is this I know she had considerable savings in Cds and such and I believe my younger brother is the beneficiary on these accounts but what about her other 2 children do we have a right to any of the money?
2 Answers from Attorneys
Re: No Will Provided
Your mother intestate (no will). An administrator needs to be appointed-all children qualify but can agree that less than all need to qualify. Any asset not having a specifically named beneficiary (e.g., CD's in her name only) are split equally among the children.
Re: No Will Provided
The CD's, etc. that have a beneficiary go to the beneficiary if there is a right of survivorship.
The children inherit only property owned by your mother outright and individually (that is, with no co-owner).
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