Serving Queen Creek, Gilbert, Mesa, San Tan and the entire East Valley
Creating a list of digital accounts and instructions on how to gain access to them is now akin to having a traditional will or a trust in estate planning.
For more than a decade, Brown’s heirs and estate administrators, including Mr. Bauknight and Adele Pope, a former executor, have battled in court over the value of his estate.
If you’re planning to leave your heirs any sort of inheritance, you’re already giving them a valuable financial leg up.
Most family members may not have a clue what we have floating out in cyberspace. Accessing or deleting accounts can be tricky for family members, if they don’t have your login credentials.
Good estate planning must consider more than what you want to happen to your property and for your beneficiaries. It also must consider what you intentionally want to avoid happening.
Estate Planning may not be something you necessarily WANT to think about, but it could protect your interests and wishes long after you are gone.
Both help you pass down assets, while avoiding the time and expense of probate. However, one has much more flexibility than the other.
If you’ve ever spent time working through your estate plan, you know how important it is to select and update your beneficiaries.
A TOD account allows the account holder to name a beneficiary on a non-retirement financial account to receive assets at the time of the account holder’s death, thereby (generally – i.e., when used correctly) avoiding probate.
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