Naming beneficiaries to bank accounts and other assets is a tactic that is commonly used for avoiding probate in California and throughout the United States. Assigning beneficiaries to accounts can offer a few potential advantages: ♦ Low cost: The process …
Why Parents Should Consider a Living Trust
In California and elsewhere, naming beneficiaries to bank accounts and other assets is a common approach to avoiding probate. While this can be a prudent practice for some individuals, this tactic can prove problematic for those who pass away while …