Most my money is tied up in CDs. I have few possessions and a simple will which of course will have to go through probate. Most my money is tied up in CDs. I don't want my beneficiaries to end up paying a lot in taxes, but I also don't want them to have to pay huge attorney fees in order to process through probate. Is it better to NAME beneficiaries on the CDs or not? If I name them on the CDs, I assume they get the money right away. But do they have to pay taxes for this portion of inheritance? If I have DON'T name beneficiaries on the CDs, then I assume they end up as part of the Estate and go through the probate proceedure. Would this cause the attorney and courts and IRS to end up with the biggest chunk of money?