Bank Accounts that are in trust

[DaveNY]

I live in NY and the estate is in NY.

My sister died and left no will. She had a bank savings account and a credit union savings account. Both accounts are in trust for me. Since they were in trust to me does that mean they get handled outside of the normal estate distribution and they would come directly to me in total?

 

[BlondiePB]

I live in NY and the estate is in NY.

My sister died and left no will. She had a bank savings account and a credit union savings account. Both accounts are in trust for me. Since they were in trust to me does that mean they get handled outside of the normal estate distribution and they would come directly to me in total?

ITF (In Trust For) accounts by-pass probate. Take an original death certificate to the bank.

If the money is in a revocable trust that is now irrevocable upon your sister's passing, the terms of the trust still stand and under control of the trustee. These trusts also by-pass probate.