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Bank Account Co-Ownership Myths

One confusing aspect of estate planning is the numerous myths about the co-ownership of bank accounts. The different types of bank accounts are often confused with the standard forms of property co-ownership. This article discusses some of the myths about the co-ownership of bank accounts. A Bank Account Is a Contract With the Bank There [...]

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Basic Vocabulary and Execution

The easiest way to make sure that a person's property is distributed after his death in keeping with his wishes is for him to prepare a will. A will is a legal document that explains where a person wants or does not want his property to go after his death. A will becomes effective upon [...]

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Transfer on Death Registration of Securities

TOD or transfer on death registration of securities allows an investor to arrange for transfer of securities upon the investor's death without the necessity of having the securities go through probate. The executor or administrator of an estate does not have to take any action regarding specific securities that have TOD registration or even entire [...]

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What is a Trust?

A trust is simply an alternate way to own assets. If you created a trust, you would be the Grantor of the trust. You would typically also be the Trustee of the trust. As the Trustee, you would manage the assets titled in the name of the trust according to the terms of the trust [...]

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