Does a will keep my beneficiaries out of probate?
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A will does not keep beneficiaries out of court. Actually, the way that the document is designed is the opposite of that. A will only deals with core assets. It functionally serves as a set of instructions to the probate courts about what should happen to assets that are already going through there. It does not deal with anything outside of the court process.
If you have an account that has a beneficiary designation that says it goes to one place and a will that says goes somewhere else, the beneficiary designation wins and it's going to go where that says. It doesn't matter what the will says if it doesn't go through the probate courts. So no, will absolutely does not keep you out of court.
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This video is for informative purposes only. It is not intended as legal advice. Small details can have big consequences. Want to know more about Estate Planning, schedule a free consultation with us.