Full question:
My mother passed away and left her residuary estate to be divided between siblings. On my Mother's IRA/Brokerage Account my sister was listed as the beneficiary. Since my sister was listed as the only beneficiary on this account does this mean that the proceeds are not part of the residuary estate and therefore to my sister exclusively?Thank you
- Category: Wills and Estates
- Subcategory: Probate
- Date:
- State: Michigan
Answer:
Assets like IRAs and brokerage accounts can pass outside of probate if a beneficiary is designated. If your sister is the sole beneficiary on your mother's IRA, the funds will go directly to her and are not part of the residuary estate. This means she inherits those proceeds exclusively, separate from any distribution among siblings outlined in the will.
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