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Designating a beneficiary is available in almost all states for brokerage accounts,and in some states for real estate,motor vehicles,and other assets with title documents (usually called transfer-on-death or TOD) Personal Representative/Executor: This person will take care of your Estate according to the directives you have actually written in your Last Will and Testament The Law Firm of Steven F.Bliss Esq.During the estate planning process,the idea of adding a beneficiary,usually an adult child,to an existing bank account as a joint account holder can seem like an attractive,more efficient option than having your executor set up an estate account after you pass.
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Any asset that has title documents (real estate,motor vehicles,etc Border.
The initial estate plan date ought to be described in the Codicil and needs to likewise be connected to the documents

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