Waching daily Jan 6 2017

There are several situations in which a will does not control the transfer of an asset.

Regardless of how perfect a will is drafted, it will not override the terms of your IRA

or 401K custodial agreement.

It is critical your beneficiary forms are up to date any time a life changing event

occurs such as a birth, death, marriage or divorce.

If you made a beneficiary designation mistake, sometimes it's too late to fix it.

A few assets that do not pass through a will include: IRA, 401K, Pension Plan, Annuity,

Life Insurance, POD account, Joint Tenancy Property, Community Property with Right of

Survivorship

A Will is a good place to start but many experts believe a Living Trust is better, especially

if you happen to own Real Estate.

To find out more about the differences between a Will and Trust, give us a call at 949-474-8440.