No. These funds are generally transferred directly to the named beneficiaryA person for whom property is held, e.g., in a trust, or who is to receive something as a result of a legal instrument, e.g., a will or insurance policy. upon the owner’s death. A person might set up similar pay-on-death bank accounts for which the funds should be transferred directly to a named beneficiary.
9. Do life insurance or retirement account proceeds go through probate?
