Many people have heard that they should avoid probate at all costs but have misconceptions about what that means. It’s true that going to probate court is not a fulfilling experience for most, and that estate taxes can be inevitable, but it is all a part of distributing property after a person dies. Having aRead more
Blog
By Michael Baker | Beneficiary Designations, Estate Planning, Probate Administration | Comments are Closed | 28 April, 2020 | 0
By Michael Baker | Beneficiary Designations, Estate Planning, Writing a Will | Comments are Closed | 3 February, 2020 | 1
With the abundance of legal software and internet resources, more and more people are turning to writing their own wills. This can be a minefield and is often not foolproof, but if you have a fairly straightforward estate and your bequests aren’t complicated, writing your own will is an option. But how do you getRead more
By mbaker | Asset Protection, Beneficiary Designations, Estate Planning | Comments are Closed | 24 July, 2019 | 0
As you go through the process of planning your estate, you will need to designate beneficiaries for certain types of assets, including some insurance policies and accounts. For example, certain retirement plans (IRAs, 401(k)s, etc.), life insurance policies and payable on death accounts will all ask you to name a beneficiary. Beneficiary designations are independentRead more