Missouri my husband and I want to create a joint will -- we have joint checking and savings accounts at 3 financial institutes, are we required to add our two sons names to those accounts or will our will allow the sons be the beneficiaries without their names on the accounts? Thanking you in advance
Amy Hutchens ∙ February 12, 2020
Missouri does not recognize joint wills. Most married couples in Missouri create 'sweetheart' wills which have identical executors and beneficiaries. The advantage of naming your children as pay on death (POD) beneficiaries is that they can claim those funds without probate. Your sons would still receive the funds without a beneficiary listed but the account would have to go through probate first.
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