This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
Transfer on Death Accounts In this case, no probate is required. Banks, life insurance policies and credit unions are common examples. But it can also include retirement funds, boats and saving bonds. Joint-held accounts will also allow the surviving owner to take full ownership, bypassing probate.
In Florida, probate must usually be initiated a short time after death. The will, if there is one, must be filed with the court within 10 days of the death. Even though there is no legal penalty for missing this window, it's very important to file promptly to avoid unnecessary delays in the probate process.
The bank account will go to the named beneficiary of the account or of your will.