Name the right person as personal representative to help ensure your planning objectives are carried through

The personal representative’s role is critical to the administration of your estate and the achievement of your estate planning objectives. So your first instinct may be to name a trusted family member to this role. But that might not be the best choice. Duties of a personal representative Your personal representative will have a variety . . .

Have you coordinated your payable-on-death accounts with your estate plan?

Payable-on-death (POD) accounts provide a quick, simple and inexpensive way to transfer assets outside of probate. They can be used for bank accounts, certificates of deposit or even brokerage accounts. Setting one up is as easy as providing the bank with a signed POD beneficiary designation form. When you die, your beneficiaries just need to . . .