Estate/Trust Administration- What’s Involved When Someone Dies
When an individual dies, assets of the decedent may be transferred based on how their titled or a named beneficiary. For example, assets held as joint tenants with right of survivorship pass directly to the other joint owner. Similarly, IRA accounts pass directly to the named beneficiaries as do payable on death accounts, transfer on death property, and most life insurance [...]
Categories: estate planning, trusts, wills Tags: estate/trust administration, probate, trust, will
Estate/Trust Administration- What's Involved When Someone Dies
When an individual dies, assets of the decedent may be transferred based on how their titled or a named beneficiary. For example, assets held as joint tenants with right of survivorship pass directly to the other joint owner. Similarly, IRA accounts pass directly to the named beneficiaries as do payable on death accounts, transfer on death property, and most life insurance [...]
Categories: estate planning, trusts, wills Tags: estate/trust administration, probate, trust, will
Will Preparation-Do You Really Know Who Gets What?
Perhaps you have made your will and now you think you know where your money will go. Think again! Is there a new child, a new spouse, or was there a death in your family? If so, then take these changes into account in your will. Or what if after you pass, things as they are now change–will those heirs you [...]
Categories: wills Tags: per stirpes, percapita, simple will, will preparation
Will Planning and Will Preparation
Will planning, trust planning and estate planning is not just for older people. It’s for anyone that wants to avoid heartache for those they love. It’s simply a asset of instructions to distribute property to those who you want to have your property. If you have a will your property will go to those you want to have it and [...]
Categories: estate planning, trusts, wills Tags: trusts, wills
