Yes, bank accounts are generally considered intangible personal property in a will, as personal property includes all assets that are not real estate. However, bank accounts with beneficiaries usually bypass the will entirely and transfer directly to the named beneficiary, making their classification in the will irrelevant in those cases.
If there’s no beneficiary listed on a bank account — and the account isn’t held in trust — it will typically pass to the decedent’s estate. In such an instance, the account would be classified as personal property and be distributed through probate.
For instance, if a will states that “all personal property shall be divided among my immediate family,” then the bank account would be included in that distribution.
