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probate

Do I Really Need a Trust to Avoid Probate?

Do I Really Need a Trust to Avoid Probate?

If you have a 401(k), an IRA or a life insurance policy, you’re likely familiar with a beneficiary designation form and how it works. You might be wondering then why you’d even bother establishing a trust if your taxable accounts and home can be covered by a TOD designation and your retirement accounts can be covered by a beneficiary designation form.