Will the State Decide Who Inherits Your Assets?

You hear a great deal about probate, including complaints and concerns about the difficulties and time it takes for the process to run its course. While occasionally straight forward, the complications and confusion surrounding probate have been the subject of hundreds of books written by our best legal minds. But because I get so many questions about this topic, I thought a very basic overview would be helpful to readers.

Can you name your trust as your IRA beneficiary?

Many people, once they retire, set up a living trust. Living trusts are a popular way to avoid probate and pass along assets once you become deceased.