Viewing a single comment thread. View all comments

Human_Skirt6528 t1_jd7bq1n wrote

Bank accounts are best to have beneficiaries. You can use those accounts as soon as you have a death certificate to manage the legal fees and estate management while the rest of the stuff goes through probate (a year or 2).

I did this with a messy estate and couldn't have paid for legal fees, probate fees (few grand) and working on a house to sell without being made a beneficiary.

2

EdLoweLaw OP t1_jd7hwvc wrote

No doubt about it, beneficiary designations are a very important part of an estate plan.

1