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Financial Account Transfer to Living Trust Mississippi  Form

Financial Account Transfer to Living Trust Mississippi Form

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hi there Mill with Speedwell law in this video I'm going to talk about the advantages of transferring a bank account into a living trust versus leaving the bank account titled individually in someone's name and then establishing a pay on death designation okay so the reason I said it that way about the bank account with the Pod is that you can avoid probate under either of two strategies when it comes to bank accounts you can avoid probate by titling the bank account in the name of the trust or you can avoid probate by establishing a pay on death designation right and so both of those strategies avoid probate so which is better from an estate planning perspective well it's still going to be titling the bank account in the name of the living trust and there's a couple of reasons for that so let me go through some of the pros and the cons and I'll do the bank account titled individually with the Pod first now the benefit of a pay on death designati

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