Retirement accounts are a popular source of savings for most individuals. As a result, the survivors of the decedent are often faced with filing claims to receive the remaining retirement benefits in such accounts. If the decedent named a beneficiary on the retirement account, those proceeds pass outside of the probate proceedings. If the estate is the named beneficiary or if no beneficiary is designated, the retirement account is subject to probate.
Retirement Account Benefits
As part of the estate administration, the Probate Law Firm prepares retirement account claims on behalf of the beneficiaries or the estate, ensuring that the funds are properly transferred.