Does a Will Cover All of My Property?

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Certain assets are distributed without regard to the Will provisions. For example, assets held by two persons jointly with rights of survivorship will pass directly to the survivor. Life insurance, IRA, and pension plan proceeds will go directly to the named beneficiary. Property placed into a trust while you were alive is controlled by the provisions of the trust and not the Will. Further, most states have laws that allow a surviving spouse to receive certain property from the estate even though the Will may have attempted to disinherit the spouse.

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You are encouraged to consult with your own attorney, accountant or other advisor.

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