PO Box 7 / 206 N. Spring St. | Bellefonte, PA, 16823 | Phone (814) 355-4261

Administration of a Will

Wills are simple, inexpensive ways to address many estates. But they don't do it all. Here are some things that may not be accomplished in a will.

Named Beneficiaries for Certain Kinds of Property

A will can't be used to leave:

  • Property you held in joint tenancy with someone else. At death, the deceased's share will automatically belong to the surviving joint tenant(s). A will provision leaving the deceased's share to someone other than the surviving joint tenant, would have no effect unless all joint tenants died simultaneously.
  • Property that was transferred to a living trust.
  • Proceeds of a life insurance policy for which there is a named beneficiary.
  • Money in a pension plan, individual retirement account (IRA), 401(k) plan or other retirement plan.
  • Money in a payable-on-death bank account.
PO Box 7 / 206 N. Spring St. | Bellefonte, PA 16823 | Phone: (814) 355-4261 | Fax: (814) 355-2898 | Email: wetzlerfuneralhome@gmail.com