DO I NEED A TRUST IF MY ACCOUNTS HAVE BENEFICIARIES? Since you can name a beneficiary on accounts (sometimes referred to a Payable on Death or POD) such as checking and savings accounts, money market accounts, investment accounts, life insurance, 401Ks, IRAs,...
It’s not a good idea to be the only name listed on a safety deposit box and place your estate plan in the box. Once the person who leases that box passes away, no one else can access the box. That means your executor or trustee can’t get to the important estate...
Francesca VanderwallEdward Jones Advisor(815) 744-8150 You save and invest to meet a variety of goals during your lifetime: college for your children, long vacations, a comfortable retirement, and so on. But you probably also want to leave something behind – to your...
Avoid Probate If you have assets valued at more than $100,000, or include real estate, that are not in trust or other instrument which avoids probate, then in Illinois then your estate will need to go through probate proceedings. Probate is the process for your estate...
Will vs. Trust Which One is For Me? A common question in estate planning is do I need a Will or a Trust. The simple answer is, it depends on what you want to accomplish. Below we review the differences between a Will and a Trust and the benefits of each. What Does a...
Many people sign an Estate Plan and then lock it away in a drawer and never look at it again. But every good Estate Plan needs consistent review to make sure it’s up to date with your current needs and current laws. Now is the time to take that Estate...
