Do Joint Accounts and Payable-on-Death Bonds Go in the Accounting? | NC

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Q: Do joint accounts and payable-on-death savings bonds have to be included in the estate accounting? A: Usually not. In North Carolina, a joint account with valid survivorship rights generally passes directly to the surviving owner. A savings bond with a surviving payable-on-death beneficiary also generally passes outside probate. These assets normally are not listed as receipts on the estate…