When creating your estate plan, it is important to understand the difference between probate and non-probate assets. Probate assets are those subject to court administration in a process through which ...

Question: While my mom was living, she and I discussed everything including her estate planning and trust. I was (and am now) the named trustee. Mom passed away six months ago. Given all the ...

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” ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Whether you’re planning for yourself or a loved one, there ...

Dear Liz: You recently wrote about the drawbacks of payable on death accounts, including that the funds go directly to the beneficiaries before the estate’s expenses are paid. Aren’t all 401(k)s ...

Losing a loved one is never easy. Along with the emotional weight, there are often financial questions that need quick answers. One of the most common sources of confusion is what happens to a ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. The FDIC has issued final regulations that, as of April 1, 2024, will change ...