DEAR JEFF: I recently read an article that said that a payable-on-death form can be filled out that allows bank accounts and securities to pass to another person without going through probate. Is this correct, and where can I get the forms? Thanks, “Wrapping Up Loose Ends”
Dear “Loose Ends”: A payable-on-death form does allow account proceeds to pass immediately upon death, without the necessity of going through probate.
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Jeffrey Bates is licensed to practice law in the State of Texas, but is not board certified in any area of specialty by the Texas Board of Legal Specialization.
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