Thursday, November 20, 2008
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Law Office of
Bryan J. Hutchinson

Bronx Office
1443 E. Gun Hill Rd., Ste. 2
Bronx, NY 10469

Telephone:
(718) 671-8135

Toll Free:
(888) 688-4878

Office Hours:
9 A.M. - 5 P.M.


Manhattan Office
405 Lexington Ave
New York, NY 10174

Toll Free:
(888) 688-4878

Office Hours:
9 A.M. - 5 P.M.


Providing divorce and personal injury service to New York City's five boroughs - Manhattan, The Bronx, Brooklyn, Queens and Staten Island; Westchester County and Nassau County

Does All Property Have To Go Through Probate?

Real and personal property owned as a joint tenants passes to the surviving co-owners without going through probate.

Other types of benefits, such as life insurance or annuities payable directly to a named beneficiary bypass probate. Money from IRAs, Keoghs, and 401(k) accounts transfer automatically, outside probate, to the persons named as beneficiaries. Bank accounts that are set up as payable-on-death account (POD for short) or an "in trust for" account with a named beneficiary also pass to that beneficiary without probate.

If a Living Trust holds legal title to property, that also passes to the beneficiaries without probate. (The Trust is a legal entity which survives you after your death.)

If you or a loved one is in need of legal assistance, call The Law Office of Bryan J. Hutchinson at (888) 688-4878 or submit an online questionnaire.


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