Pa Last Wills And Asset Titles
Be aware that a Will may not dispose of all of your assets at your death.
Perhaps to the contrary, a Will disposes of your assets that are titled in your name alone and that have no beneficiary designations.
Pa Last Wills And Asset Titles – Exceptions
Consequently, a Will does not control two, potentially and enormously valuable, categories of assets.
A Will does not control (or dispose of) assets that have: Joint Owners (i.e., joint accounts, joint real estate, etc.), as they pass to the surviving owners (via Property Law), and/or Beneficiary Designations (i.e., annuities, retirement plans, etc.), as they pass to the named beneficiaries (via Contract Law).