The Revocable Trust in the time of COVID-19

person signing a revocable trust

​​The impact that COVID-19 has had on our society is unlike anything we have experienced before, including past public health crises. Globally, people are experiencing a dynamic shift in almost every aspect of their everyday lives thanks to the uncertainty that COVID-19 has wrought. Due to the nondiscriminatory nature of the coronavirus, people who once…

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Why Designated Beneficiaries are Important in Estate Planning


​​When it comes to the practice of estate planning, designated beneficiaries are an important part of ensuring your loved ones are taken care of after your death. In the broadest sense, a beneficiary is a person who receives a profit, advantage, or benefit. Following a death, a designated beneficiary will typically receive some form of payout directly, without having to go through the probate process. Though you may think your will or trust will override all other designations to control how money will be distributed after death, this is not always the case. Once beneficiary designations are put into place on a specific account, then the contract provisions specifying ownership and distribution after death will control.

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