After my recent post about mistakes people make about naming beneficiaries – and the unintended outcomes that result – I received this question from a reader:
If our beneficiaries are in place, is a will still important for transferal of things? In what areas and ways? Does it speed up the process or limit lawyer entitlements? (These are things I hear) Also, are there advantages to a trust?
In order to answer these questions, we need a little background: