PROFESSIONAL FIDUCIARY ASSOCIATION OF CALIFORNIA
Education, Advocacy and Advancement for Professional Fiduciaries
This presentation will cover best practices for handling non-probate transfers when the documents on file with the bank conflict with the decedent’s estate plan. For example, what should the fiduciary do when the person named in the beneficiary designation form for a pay-on-death account is different than the beneficiaries named under the decedent’s will or trust disposing of the account. What about a general assignment that assigns all assets to a trust: does the assignment trump the bank’s forms? These questions and more are answered as the speaker covers the default rules for non-probate transfers, as well as the clear-and-convincing-evidence exception to those rules that is spawning probate litigation all across California.