We hear of people all the time who decide to circumvent court interference by listing a trusted adult as the designated beneficiary of a life insurance policy. If you have minor children, they can’t receive money or assets of any kind until they reach the age of 18. Sometimes people...

Here's a surprisingly common scenario: A couple decides to draw up a will. They split their estate evenly between their three kids, and name the husband's youngest brother as Personal Representative. Then, after both have passed away, it's discovered that the designated beneficiary forms on their bank accounts and retirement...

Let's make something perfectly clear: having a Will is very important! Dying intestate, or, dying without a Will, can cause heartache and headache for your loved ones. However, even a properly executed and professionally prepared Will won't do everything. Read on to see what we mean. A Will Won't Avoid Probate What’s...

Just like in business, having the right people in place makes all the difference. If you have a revocable living trust, you probably named yourself as trustee so you can continue to manage your own financial affairs, but eventually someone will need to step in for you when you are...

It makes a great story that we've probably seen on the Hallmark channel around the holidays: a struggling family suddenly receives a large inheritance from a long-lost relative, and it resolves all the injustices in their lives. Unfortunately, if you talk to wealth counselors and estate attorneys, they’ll say an...