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IRA Beneficiary versus Will

Answered by: 

Question: 
Does an IRA bypass probate?
Answer: 

IRAs can be left to a Primary Beneficiary who is a person. Usually this mechanism is in state law as an acceptable bypass. Some IRA contracts also allow a contingent beneficiary.

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Learn more about Deborah Crawford’s webinar IRA Fundamentals Every Banker Should Know

First published on 10/25/2020

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