A Commitment
to Each Client.
A payable on death account, or POD account, gives you a chance to select the beneficiary for your bank account. Ordinarily, if you pass away with a traditional bank account, it then has to go through probate and be distributed in accordance with your will. But with a...
When you make your estate plan, it is up to you how you want to divide your assets. Some people keep things simple and split their assets equally, but you can also use unequal bequests, leaving different amounts to different beneficiaries. For instance, say that you...
A trust is meant to provide clarity, protect family assets and make sure a person’s wishes are carried out. But as families, finances and laws change, a trust that once worked well may no longer fit your current circumstances. Signs your trust may be outdated A trust...
Leaving someone an inheritance can always change their life in certain ways. If you leave a beneficiary $200,000, even if you just give them the money directly, it will give them a lot of options. People may use the money to start a business, buy a home or save for...
Joint ownership is often used as a simple way to pass property to a loved one without going through probate. However, what seems like a straightforward plan can sometimes create confusion and conflict after someone dies. When property is jointly owned, disagreements...
It is important to address your assets, whether they are financial or tangible, when making an estate plan. You can select beneficiaries and choose people who get certain assets or tell them how they have to divide things amongst themselves, such as leaving joint...
