No beneficiary on a brokerage account—how do I transfer it? | NC

About this video

Q: If a brokerage account has no beneficiaries, what is the process to transfer or liquidate it using letters testamentary? A: If there is no valid beneficiary designation and no surviving joint owner with rights of survivorship, the brokerage account is usually a probate asset. That means the court-appointed personal representative uses certified Letters Testamentary to prove authority to the…