06-19-2017 08:45 AM
Moderators, I don't know where to put this post so if you can move it to the appropriate place if necessary, I thank you!
This warning is to everyone especially those of us that are older. You have a little money put back, you have a will, you think everything's okay but it's not. When you leave this world your kids/grandkids whatever will still have to fight for their inheritance.
Put a person you trust on your bank accounts, CDs, IRAs, properties. If you don't, even if there's one heir, that person will have to fight & they will have no money to pay for funerals, your bills etc...
Please heed my advice so your heirs don't end up in a bind. Thanks for reading & have a great day!
06-19-2017 12:14 PM - edited 06-19-2017 12:14 PM
For anything that you can, designate them POD - payable on death. All the beneficiary needs to claim is ID in their name and a certified death certificate. If I'm not mistaken you can have multiple beneficiaries. Nothing to go through probate and the money is transferred immediately.