Commentary Asset Titling: Why It Matters and How to Ensure Accuracy A key part of properly implementing a client's estate plan is to ensure that assets are titled so that they flow in accordance ...

Asset titling and beneficiary designations can reduce the need for assets to go through probate and can simplify transfers post-death. However, they need to be well coordinated with the person’s ...

Also, not often considered in light of recent tax law, titling of assets may impact estate taxes. For married couples, an unused Federal estate tax credit can be carried over to the surviving spouse.

Properly titling property is important for various reasons – not the least of which is to fulfill expectations on property passage. In the Texas case, confusion over how property was titled ...

A study conducted several years ago in the U.S. determined that more than one-half of assets in the U.S. do not pass by Will, but rather by joint titling, beneficiary designations and trusts.

Ensuring that you have proper asset titling is a critical step in the estate planning process. Although it can be somewhat daunting and time-consuming to complete this Part “B” of the process, it is ...

Thoughtful titling of assets can reduce headaches June 22, 2024 at 12:00 p.m. by Christopher A. Hopkins ...

Check your asset titling and beneficiary designations Don’t overlook the way you title your assets. Asset titling can often upend even the most carefully drafted will or trust.

1. Title every car in the driver’s name only This is the easiest thing you can do to protect your assets, and it applies almost across the board.

Plus, any asset that goes through probate is open to creditor claims. Joint ownership: Titling matters If assets are held jointly, most often with a spouse, the way they are titled matters.

Non-probate assets pass by other means typically joint titling or beneficiary designations on retirement funds such as IRA’s or beneficiary designations under life insurance or annuity policies ...