If a beneficiary of an" in trust for" account dies before the original account holder and the account holder dies, what happens to the funds in that account?
Are you an attorney? Sign up to answer this question.
Legal Answers Categories
Wills, Trusts, Probate Law Answers
Those funds become part of the estate of the person who owned the account and the money in the account has to pass through the probate process.
Related Wills, Trusts, Probate Questions
Didn't find your answer? Ask.
Top Ranking Attorneys
- Kevin Bessant432 Answers|Points 5850Gold Contributor
- Madan Ahluwalia104 Answers|Points 1900Silver Contributor
- Kenneth Berger33 Answers|Points 1630Bronze Contributor
- Harun Kazmi60 Answers|Points 840Bronze Contributor
- Hong Shen528 Answers|Points 800Platinum Contributor
- Barry J. Simon16 Answers|Points 640Bronze Contributor
- Hong Shen528 Answers|Points 26400Platinum Contributor
- Kevin Bessant432 Answers|Points 21580Gold Contributor
- Steven Fromm113 Answers|Points 5430Silver Contributor
- Madan Ahluwalia104 Answers|Points 5170Silver Contributor
- Kelly Broadbent93 Answers|Points 4600Silver Contributor
- Glenn M. Lyon, Esq.93 Answers|Points 4530Silver Contributor
Are you a lawyer?Want to be featured here? Sign up for a free profile and get started today! Click Here