QUESTION
Do beneficiaries in a Fidelity investment account take precedence over the same beneficiaries in a will, especially of the percentages differ?
Asked on Feb 26th, 2014 on Wills and Probate - Texas
More details to this question:
In my will the children each get one third of the estate. In my investment accounts at Fidelity the beneficiaries' percentages are not equal. What happens if my wife and I die in a car wreck?
1 ANSWER
Marion Cain
Your investment accounts which have listed beneficiaries are usually handled outside the will. The percentages you list for the Fidelity will control only that account.
The percentages you list for the will control the rest of your estate.
Answered on Mar 27th, 2014 at 12:03 PM