If you’ve ever opened an IRA, CD or brokerage account — or bought an annuity, life insurance policy or shares of a mutual fund — you’ve been asked to name a beneficiary, or a person who will inherit ...

Some financial assets, like bank accounts and retirement portfolios, are designed to pass from one person to another. This designated recipient is known as a “beneficiary,” meaning that you have named ...

Naming a bank account beneficiary ensures your money goes straight to your loved ones without getting tied up in costly, time-consuming probate. Most banks let you do this through a “Payable on Death” ...

Navigating the financial affairs of a loved one who has recently died can be a tricky and complicated. This process includes unraveling the fate of any bank accounts the person held, which depends on ...

Dealing with the death of a loved one is never easy. But when someone dies, there are often a lot of complex financial ...

Q: If I name a beneficiary on my bank account will this avoid probate when I die? – M.C., Orlando A: Yes. If you complete the beneficiary designation form, and your beneficiary is alive at the time of ...

Joint bank account owners have full access to the funds at any time. Typically if one bank account owner dies, the surviving owner gets sole control of the account. Consider whether it's better to add ...

As you plan for the future, there are many considerations for what happens after you die. After all, you’ve likely worked hard to accumulate some money and valuables, so you want to make sure there’s ...

Nobody likes thinking of the inevitable — death, the end of the road, or the big sleep. Yet estate planning, especially having clear beneficiaries listed for every account, is a crucial part of any ...

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