• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Who We Are
    • About Our Firm
    • Career Opportunities
    • Meet Our Team
    • News and Events
    • Seniors Rock Radio
  • Estate Planning
    • Elder Law & Medicaid Planning
    • Estate Planning Services
    • Estate and Gift Tax Figures
    • Family Farm Succession Planning
    • Family-Owned Businesses & Farms
    • IRA Planning
      • Planning With An IRA
      • IRA & Retirement Planning
    • Legacy Planning Services
    • LGBTQ Estate Planning
    • Pet Planning
    • SECURE Act
    • Special Needs Planning
    • Trust Administration & Probate
    • Young Families
  • Elder Law
    • Coping With Alzheimer’s
    • Elder Law Resources
      • Elder Law Reports
    • Guardianship & Conservatorship
    • Hospice Care
    • Veteran’s Benefits
  • Resources
    • Definitions
    • FREE Estate Planning Worksheet
    • FREE Webinars
    • Estate Administration Legal Guide
    • Estate Planning Articles
      • Questions for Your Estate Planning Attorney Before Creating Your First Estate Plan
      • How to Create Your First Estate Plan in 2022
      • How to Choose a Guardian for Your Child
      • Address These Three Questions in Your First Estate Plan
    • Estate and Gift Tax Figures
    • Frequently Asked Questions
      • Adult Guardianship
      • Alzheimer’s Care
      • Custodial Accounts for Minors
      • Estate Planning
      • FAQs for Families Without an Estate Plan
      • Elder Law
      • IRA & Retirement Planning
      • Is Your Estate Plan Outdated?
      • Legacy Planning
      • LGBTQ Estate Planning
      • Medicare and Social Security
      • Probate
      • Probate Avoidance
      • Irrevocable Trusts
      • Trust Administration
      • Trusts
      • Veterans’ Benefits
      • Wills
    • Newsletters
    • Reports
      • Advanced Estate Planning
      • Basic Estate Planning
      • Estate Planning for Niches
      • Trust Administration
    • Top Estate Planning Techniques
  • Reviews
    • Our Reviews
    • Review Us
  • Medicaid Planning
    • Medicaid Planning
    • Emergency Medicaid & Nursing Home Planning
    • Medicaid Frequently Asked Questions
    • Medicaid Resources
  • Blog
  • Contact Us

Law Office of Michael Robinson, P.C.

Estate Planning Services in Rochester, New York and the Finger Lakes Area

Connect With Us Today

(585) 374-5210
Law Pay Button
Attend a Free Webinar
Home » Wills & Trusts » Five Items That do not Transfer by a Will

Five Items That do not Transfer by a Will

January 3, 2011Wills & Trusts

A will is a cornerstone of estate planning – it not only distributes your assets to named beneficiaries, but it also names an Executor to your estate and names a Guardian for minor children. But there are several items that do not transfer by will, and these include:

1. Joint Tenancy Property: Any property, such as real estate, that is co-owned in joint tenancy with rights of surviviorship is not transferred to a beneficiary within a will. Married couples often own their homes in joint tenancy, which means when one spouse dies, the surviving spouse automatically owns the residence. While it may be necessary to change the deed on a home to reflect the death of one of the joint tenants, this is not done by will.

2. Investments: Investments such as stocks, bonds and retirement plans that have named beneficiary forms attached to the property will transfer to the named beneficiary upon the owner’s passing. If you wish to change a named beneficiary, the form is normally completed to update beneficiary forms, and a will is not involved in any of these transfers.

3. Pay on Death Accounts: Funds from a bank account that are termed “payable upon death” do not transfer with a will. Beneficiaries can be changed by filling out a form at the bank, but not through a will. In fact, nearly all accounts with a beneficiary form are not normally addressed within a will.

4. Living Trust Property: The transfer of trust property is addressed within trust documents.

5. Proceeds of a Life Insurance Policy: A life insurance policy names a beneficiary, and unless the beneficiary is your estate, the will does not transfer the proceeds of life insurance policies.

Estate planning is taking a holistic approach to individual components, such as life insurance, retirement plans, wills and trusts, to ensure they work together to meet the needs and goals of your family while easing the burden of your passing on your loved ones.

  • Author
  • Recent Posts
Michael Robinson, Estate Planning Attorney
Michael Robinson, Estate Planning Attorney
Clients notice Michael Robinson’s unique approach to his estate planning practice the minute they walk through his office doors.
Michael Robinson, Estate Planning Attorney
Latest posts by Michael Robinson, Estate Planning Attorney (see all)
  • How Estate Planning for a Family May Trap the Unwary Practitioner - August 31, 2022
  • State Income Taxation of Social Security Benefits - August 24, 2022
  • Understanding Tax Apportionment Clauses - August 17, 2022

Other Articles You May Find Useful

estate planning
What is a Living Trust?
revocable living trusts
Revocable Living Trusts: Who Can Act as Trustee?
Rochester living trust attorneys
Steps for a New Trustee to Take
rochester living trust
Why Your Heirs Would Prefer If You Make a Rochester Living Trust
Naples Trust Attorney
What if You Make the Wrong Kind of Trust?
estate planning attorneys
When is a Will Not Enough?

Primary Sidebar

Law Office of Michael Robinson, P.C.

Blog Subscription

  • This field is for validation purposes and should be left unchanged.

Follow Us

  • Facebook
  • Twitter
  • Linkdin
  • Youtube

TESTIMONIALS

News & Events

Seniors Rock Radio Show Recording 5-1-21

https://drive.google.com/file/d/1U7UkQbEGy-xY7XFAXvX9Qz7pKSVDVV3D/view?usp=drive_web   Author Recent Posts Michael Robinson, Estate Planning AttorneyClients notice Michael Robinson’s unique approach to his estate planning practice the minute they walk through his office doors. Latest posts by Michael Robinson, Estate Planning Attorney (see all) How Estate Planning for a Family May Trap the Unwary Practitioner -... Read more →

Pittsford Office

1163 Pittsford-Victor Road, Suite 120 (Powder Mill Office Park)
Pittsford, NY 14534-3817
Phone: (585) 374-5210
Fax: (585) 485-0394

See Larger Map Get Directions

Map

mrobinson_sidbr_map

Footer

  • Advantages of Working With Our Firm
  • About The American Academy
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Contact Us

Connect with Us

  • Facebook
  • Twitter
  • Linkdin
  • Youtube
robinson law logo

The Law Office of Michael Robinson, P.C.

Attorney Advertisement


© 2023 American Academy of Estate Planning Attorneys, Inc.