What Is a TOD Beneficiary?
A person named as a transfer on death (TOD) beneficiary for an account will receive the assets held in it when the account owner dies.
Can My Gun Collection Be Part of Estate Plan?
Firearms are unique in this regard; guns are the only item of personal property that carries an inherent risk of legal peril, including potential criminal liability, so careful and deliberate planning is warranted.
Do I Need a Personal Representative Named in My Will?
When you draft your will, you should name an executor.
Will My Family Hate Me If I Die without a Will?
Amid the grief of losing a loved one, families are dealt additional burdens when the person did not leave behind a will or estate plan.
How Do I Create a Trust?
Trust funds are an essential estate planning tool. They can protect your assets while you’re alive and help ensure that you leave money to your children or other loved ones after you die.
Why Have a Joint Revocable Trust?
Establishing a joint revocable trust can be an ideal estate planning tool for the benefit of your children, grandchildren and beyond.
Can I Protect My Inheritance from Divorce?
Your dad bequeathed you a generous sum of money on his passing. Those gifted and inherited assets, in many instances, will be considered ‘separate property,’ not marital property. That might mean that they might not be subject to division, if you divorce. However, perhaps you want to backstop that hoped-for result to make the protection more likely to stick if your marriage doesn’t work out.
What Assets are Not Considered Part of an Estate?
In presentations regarding essential actions individuals should take regarding inheritance, emphasis is usually placed on drafting a will. This leaves unanswered what happens to assets that do not pass by will —so called non-probate assets.
What Needs to Be Reviewed in Estate Plan?
Here are some important parts of your estate plan that should be reviewed.
How Do I Avoid Probate?
There are good reasons why people want their estates to avoid probate, and a lot of ways to do it.