Does A Retirement Plan Pass Through Probate? Part One.

Much like life insurance that goes to the individual named in the policy, the retirement plan goes to the individual named on the beneficiary designation in the plan document. If you don’t have a beneficiary designated or the individual that you designated is deceased, the account value can wind up in your probate estate; and if this happens, the only choice is that all the taxes are due right away, and there is significant inflexibility.

What Can An Attorney Do To Expedite The Probate Process?

There are a lot of ways that an experienced attorney can speed up the probate process and make it less painful for those involved.