Beneficiary Mistakes On Your Retirement Fund
Efficiently passing assets to heirs requires a bit know-how and attention. In most cases, your retirement fund along with other qualified plans (e.g. 401k) go to their specified beneficiaries immediately at your death; they don’t have to be probated. These types of retirement accounts will not go to those stated in your will or living trust. Therefore, it is essential [...]
Categories: retirement fund Tags: beneficiary, living trust, probate, 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
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
