When it comes to estate planning and making decisions for the future, it is essential to understand the roles of various fiduciaries that can help manage your affairs. Two commonly used roles are an agent under a durable power of attorney and a trustee of a revocable living trust. While a comprehensive estate plan typically includes both a durable power…
You have heard the common estate planner saying, “make sure your beneficiary designation forms are filled out!” Yet, one of the most critical and often overlooked aspects of the estate planning process is properly filling out a beneficiary designation form after creating an estate plan. Beneficiary designation forms are filled out for retirement accounts like 401(k)s, IRAs, and even pensions…
