Why Beneficiary Designations & Joint Tenancy Can Backfire

Beneficiary designations and joint tenancy might seem like simple ways to avoid probate, but they often create more problems than they solve.

In this Legal Minute, attorney John Michaelson explains the risks of relying on shortcuts like these and why a revocable living trust is usually a safer, more complete estate planning solution. If you want to protect your family, avoid unnecessary court involvement, and make sure your assets go where you intend, a trust may be the right choice.

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