Financial institutions and brokerage firms occasionally recommend that client accounts be structured as joint or beneficiary-designated accounts without full consideration of the impact on the client’s estate plan....more
7/19/2021
/ Beneficiaries ,
Beneficiary Designations ,
Estate Planning ,
Financial Adviser ,
Financial Institutions ,
Life Insurance ,
Payable on Death Clauses ,
Personal Property ,
Retirement Plan ,
Transfer on Death Deed (TOD) ,
Wealth Management
A Revocable Trust (sometimes known as a Revocable Living Trust or Inter Vivos Trust) is an arrangement established by a person (the “Settlor” or “Grantor”) to direct how his or her assets are to be managed during life and...more