Payable on Death Designations for IRA and Non-IRA Accounts

After a person passes away, their assets are typically divided into probate assets, which are assets which pass through the Estate, and non-probate assets, which are assets which pass outside of the Estate.

Probate assets are those to which a beneficiary is not specified, and thus, the assets become part of

Article source: https://www.njlawblog.com/2018/02/articles/probate-litigation/payable-on-death-designations-for-ira-and-non-ira-accounts/

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