Living trusts allow people to enjoy their assets while you’re alive but still plan for what happens to them after you pass away. When you’re setting up your estate plan, one of the first choices you’ll make is whether to have a will-based plan or a trust-based plan. If you decide on a trust-based plan,ContinueContinue reading “How Do Assets Pass Into a Trust?”
Tag Archives: retirement accounts
How Do I Update My Beneficiaries With Financial Institutions?
Some of your assets will not be transferred to beneficiaries based on the instructions in your will. This includes things like: Retirement accounts (401K, 403b, 457, pension, IRA) Life insurance Annuities Transfer on death (TOD) or payable on death (POD) accounts. For these assets, you need to provide instructions directly to the financial institution. ContactContinueContinue reading “How Do I Update My Beneficiaries With Financial Institutions?”