Are My Beneficiary Designations Really That Important?

Most investment and financial accounts allow the account holders to name beneficiaries to receive funds in the account upon the account holder’s death. To many of us, the forms that ask us to name beneficiaries may seem boilerplate, simple to complete, and not a big deal in the grand scheme of things. It may take just a few moments to write a few names on the beneficiary designation forms. The repercussions can be Read More

The No-Beneficiary Estate

Estates come in all sizes, both in the value of the estate assets and the number of people involved. Some people write Wills that name an executor and several beneficiaries. Some don’t. In fact, only about 44% of Americans have written a Will. But whether a Will exists, estate assets not disposed of in any other way must still be transferred to someone through a process known as “probate.” A person is referred to as Read More