Estate Law Questions? Ask an Estate Lawyer.
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The beneficiary designation on the accounts will control who they go to. So if you are the named beneficiary, they will come to you as they won't be considered part of the person's estate so as to go through probate. So as long as the person was competent when they made the designation, there is nothing that the family has to contest.
As for giving up the right to inherit one or the other, you would have to send a written notarized disclaimer to the administrator of the account as well as the executor of the estate formally waiving any legal right to inherit those funds.
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