Naming primary and contingent beneficiaries is an easy way to help ensure a smooth transfer of assets down the road. Assets with named beneficiaries skip probate, the court-supervised process of settling an estate’s debts and making distributions. This process can be cumbersome and puts private affairs in the public record, so many people plan to
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source https://insr4u.com/dont-forget-this-important-estate-planning-detail/
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