Wills, Trusts & Estates: Plain And Simple - Should I Make All My Accounts Joint and/or Designate a Beneficiary on each? BEWARE!!

Farrell Fritz, P.C.
Contact

Your friendly neighborhood branch banker suggests that you change all your accounts to either joint with your kids, or to name your kids as beneficiaries on all your accounts (a “pay on death” beneficiary designation). She says this will make the administration of your estate when you die much less complicated and easier for everyone. Plus, you will avoid “dreaded” probate. Is she correct? It depends very much on each person’s situation, and such changes should not be made without discussing them with your estate planning attorney.

Originally Published Lloyd Harbor Life - September 2019.

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

© Farrell Fritz, P.C.

Written by:

Farrell Fritz, P.C.
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Farrell Fritz, P.C. on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide