Monthly Archives: November 2017
Totten Trusts
One way in which a person can pass on money held in bank accounts or brokerage accounts to his heirs is through the use of Totten trusts, also referred to as payable upon death accounts. A Totten trust is created when a person who owns a bank account names a beneficiary who will receive… Read More »
Executing A Will In New York
There are different types of wills that a person can use in order to leave his assets to his heirs. The type of will a person chooses has to be legally valid in order to ensure that it will be honored when the person passes away. While New York allows the use of written… Read More »