What Happens to Investment Accounts Without a Beneficiary? | NC

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Q: What happens to investment accounts if my relative did not name a beneficiary? A: Usually, the account becomes part of the estate instead of passing directly to a person. If there is no will, the personal representative collects the account, pays administration costs and valid debts from estate assets, and then distributes what is left under intestacy law. The first step is to check how the…