Naming secondary beneficiaries can help estate planners avoid the delay and costs of going through probate, as well as ensure that your wishes are carried out.

There’s no single path for everyone to follow. However, you might consider establishing a trust, which offers some key benefits.

While you may draft a will assuming that your choice of executor won’t change, there are different reasons why making a switch may be necessary.

What Is a Beneficiary and How Do I Name One?

Various types of property, such as bank accounts and real estate, can be owned jointly with another person(s).

One of the essential steps in the probate process is filing an inventory of all the assets that are part of the estate.

In simple terms, a residuary estate is any part of your estate that hasn’t been distributed to your heirs through a last will and testament.

The average American maintains between 30 and 50 online accounts at any given time. These may be with banks, financial institutions, utility companies, email providers, social media outlets, commercial shopping or travel sites and accounts unique to technology, such as an account to purchase apps for a smartphone.

Safeguarding legal documents and providing access to this information is a big consideration in your caregiving plan.

Many people think that estate planning and writing a will are the same. However, one is just part of the other.