If the deceased had financial accounts that transfer automatically to Beneficiaries after a death, do not transfer their cash values into an Estate Account while collecting credits.

These types of accounts are typically labelled Pay-On-Death (POD) or Transfer-On-Death (TOD) and are usually life insurance policies, jointly held property, or certain types of designated bank accounts, 401(k)s, IRAs, stocks, bonds and securities.

Their funds do not get added to the Estate Account because they and are not part of the Estate; instead, they get passed directly to Beneficiaries, outside Probate.

See below for more information on Probate Assets vs. Non-Probate Assets.