Joint accounts and beneficiary designations are often used as convenient ways to manage financial affairs and ensure that assets are passed on to loved ones after death. However, these methods have several pitfalls that can cause problems for both the account holders and the intended beneficiaries. One of the biggest drawbacks of joint accounts is […]

Normally when a person dies with assets in their name alone, those become part of their estate and a fiduciary must be appointed to effectuate the transfer of those assets to a beneficiary named in a Will or to the next of kin in cases where the decedent had no will.  The matter will be […]