The omission of a critical step or the commission of an error might derail your meticulous preparation, presenting your heirs and beneficiaries with a headache-inducing obstacle.
Tag: estate planning.
Why You Could Need a Trust
Simple estate planning techniques include adding beneficiaries to retirement accounts and adding transfer on death (TOD) designations to after-tax accounts. When you use these simple techniques, assets will avoid probate and can be transferred directly to the named beneficiary when you die. When the beneficiary receives the proceeds, they are free to do whatever they want.
