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Estates, Powers & Trusts Part 6 7 6 9 Manner of Form

Estates, Powers & Trusts Part 6 7 6 9 Manner of Form

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hi this is Keith Davidson at Albertson in Davidson I want to go over ten misconceptions that you really need to know about if you're a trust or will beneficiary next we have the misconception that a will controls all assets owned by a decedent at the time of their death not true in fact it's surprising how few assets a will actually controls because the will only controls assets that are in the name of the decedent alone at the time of death that do not have any type of beneficiary designation on them so for example if you have a bank account that's just in the name of the decedent the Wills going to control that but if you have a bank account in joint tenancy with somebody else the will doesn't control if you have life insurance with a beneficiary designation the will doesn't control if you have a trust with assets actually titled in the name of the trust the will doesn't control so there's a surprising few amount of assets that

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