Re: Why Does an Estate With One Beneficiary Have to Go Through Probate
actually, there are at least 3 heirs (you and your two sisters). Since there wasn't a will, any money left that was part of the estate must be added to the estate. The remaining assets, after debts are paid, will be divided 3 ways (based on the 3 siblings).
Why Does an Estate With One Beneficiary Have to Go Through Probate
If the account was jointly held or was a POD or TOD (payment or transfer on death) account, then you would be the sole owner of the account. It has nothing to do with the estate though. It is simply a matter of function of a trust (which a POD or TOD is) or if a joint account, to the surviving owner of the account.
so, explain why you would be the sole owner of the bank account.
I am not an attorney and any advice is not to be construed as legal advice. You might even want to ignore my advice. Actually, there are plenty of real attorneys that you might want to ignore as well.