Beware the Unintended Consequences

Over the last 2 days, I have discussed TOD, POD, Joint Ownership, Beneficiary Designations.  You want to title your assets to meet your specific needs and not have Unintended Consequences. 

If you retitle your asset into a joint title with rights of survivorship, you give up the right to give that asset to another person under your Will.  Similarly, when you create a POD bank account or a TOD brokerage account, you give up the right to leave the account to another person under your Will.

You want to have your estate plan handled by a professional.  Contact us at www.ythlaw.com
for all your estate planning, estate administration and elder law needs.