What happens if I die, say, tomorrow, and I have multiple savings bonds out in my name? Does the money go to my next-of-kin? Or can I put something in my will that dictates where the money goes?
2007-10-07 10:38:57 · 2 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
The money can go to you next of kin- eventually. It would all go to probate if no beneficiaries are listed in that particular account. Probate is a lot of needless headache. If you have the concern and assets to pass along, adding a beneficiary would be the fastest way to ensure your family gets your $$, creating a will would be okay, but make sure you are specific when including bank items. A living trust is a great idea, but a lot of expense, you should see an attorney to create one. Most importantly, make sure your next of kin (or whoever you designate) knows what you have, where it is, and who gets what.
2007-10-11 10:36:12 · answer #1 · answered by starrimari 1 · 0⤊ 0⤋
yes, yes.
You should have a will.
2007-10-07 10:43:09 · answer #2 · answered by hottotrot1_usa 7 · 0⤊ 0⤋