Search

What types of assets belong in my Will?

Only probate assets, such as real property titled in one's own name or as tenants-in-common (no joint tenancy), personal property, bank or brokerage accounts without beneficiary designations pass through the terms you set in your Will. Non-probate assets such as jointly held real property, property held in trust, jointly held bank/brokerage accounts, pay on death or in trust for accounts, pension accounts, and life insurance or retirement accounts with a named beneficiary, do not pass through the terms that you set in your Will. It is important for your Executor to marshal all of the decedent's assets and to dispose of them accordingly.

10 views0 comments

Recent Posts

See All

A married couple may use a bypass trust to protect their assets and to preserve the federal and state estate tax exemptions. Upon the death of the first spouse, the deceased spouse’s assets are placed

A revocable or living trust allows the trust creator to hold assets in the name of the trust which are transferred to a successor trustee who then distributes them to your selected beneficiaries upon