If a beneficiary of a certificate of deposit dies before the owner of the CD, and then the owner dies without naming a new beneficiary, where does the CD go? Would it go to survivors of the deceased beneficiary or into the owner's estate?
The estate would have a claim to the funds and they would be disbursed according to the Will or applicable laws.
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The estate would have a claim to the funds and they would be disbursed according to the Will or applicable laws.
