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QUESTION

Does a designated beneficiary as in stock market funds supersede a will?

Asked on Sep 13th, 2021 on Estate Planning - Arizona
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Does a will supersede a designated beneficiary?
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1 ANSWER

Bruce Robins
Appellate Practice Attorney serving New York, NY
Partner at Feder Kaszovitz LLP
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Funds in an account with a designated beneficiary will go to that beneficiary, regardless of what the will says.  However, creditor's claims, including a right of election claim by a surviving spouse, can supersede both.
Answered on Sep 13th, 2021 at 1:55 PM
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