payable on death accounts

They say that a little bit of information is a dangerous thing, and this often enters the picture when it comes to estate planning. People hear about simple approaches that sound like they would be effective on the surface, and but they don’t fully understand the potential consequences. In this post, we will look at some of these simple solutions that can get quite complicated, but we will start with a bit of background information. Probate Process When a will is used to direct postmortem … [Read more...] about “Simple” Estate Planning Solutions Can Get Complicated

There is an expression about a little bit of information being a dangerous thing, and this definitely applies to certain estate planning approaches. Some people hear bits and pieces, and they pass along ideas that sound good on the surface, but there are hidden dangers. Probate These notions often revolve around the concept of probate avoidance. Probate is a legal process that takes place under the supervision of a court. If you use a simple will to direct asset transfers after you are … [Read more...] about Beware of These Probate Avoidance Ideas