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  2. What Are the Differences Between Beneficiary ... - AOL

    www.aol.com/beneficiary-designations-vs-wills...

    A beneficiary designation from an insurance product or financial account overrules wishes you state in a will. Wills are malleable documents, subject to interpretation from probate court and ...

  3. How to prevent your investment assets from going into probate

    www.aol.com/finance/prevent-investment-assets...

    Beneficiary designations are a simple, yet effective way to prevent assets from health savings accounts (HSA) and 401(k)s from going into probate. Naming one or more beneficiaries takes just a few ...

  4. What happens to your investment accounts after you die? - AOL

    www.aol.com/finance/what-happens-to-investment...

    The biggest mistake is not naming a beneficiary and forcing assets through the surrogate court for no reason, which can take added time and expenses. In addition, it opens the estate up to creditors.

  5. Will and testament - Wikipedia

    en.wikipedia.org/wiki/Will_and_testament

    Legatee – beneficiary of personal property under a will, i.e., a person receiving a legacy. Probate – legal process of settling the estate of a deceased person. Residuary estate - the portion of an estate remaining after the payment of expenses and the distribution of specific bequests; this passes to the residuary legatees.

  6. Estate planning - Wikipedia

    en.wikipedia.org/wiki/Estate_planning

    Due to the time and expenses associated with the traditional probate process, modern estate planners frequently counsel clients to enact probate avoidance strategies. Some common probate-avoidance strategies include: revocable living trusts (sometimes called revocable inter vivos trusts), joint ownership of assets and naming death beneficiaries,

  7. Probate court - Wikipedia

    en.wikipedia.org/wiki/Probate_court

    The probate court will then oversee the process of distributing the deceased's assets to the proper beneficiaries. A probate court can be petitioned by interested parties in an estate, such as when a beneficiary feels that an estate is being mishandled. The court has the authority to compel an executor to give an account of their actions.

  8. Here’s Why Experts Say Naming Your Kids as Beneficiaries on ...

    www.aol.com/finance/why-experts-naming-kids...

    Naming your kids as beneficiaries could mean putting a significant amount of money into the hands of an 18-year-old — particularly a grieving one — or even someone younger.

  9. How Can I Avoid Probate in Illinois? - AOL

    www.aol.com/finance/avoid-probate-illinois...

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