When it comes to estate planning, two tools frequently come up in discussions about how tomanage and distribute assets upon death: trusts and beneficiary designations. Both are used toensure that assets are transferred smoothly, but they serve different purposes and offer distinctadvantages. While beneficiary designations have their place, trusts are often the better option forcomprehensive […]
The Importance of Understanding Probate By Matthew S. Dana, JD, CPA, CLU, ChFC, LLM The biggest mystery to families in settling a loved one’s affairs or establishing their own estate plan is understanding what legal document controls the disposition of assets. Most people believe that it is the Last Will and Testament that controls. In […]
Have you outlined the three tiers of beneficiaries in your estate plan? Many people have a difficult time trying to decide what type of legacy they want to leave behind and who played roles significant enough in their lives to warrant a gift from their estate. Here is a simple guide you can follow to […]
