Titling assets correctly is an essential part of a successful estate plan. Title controls how assets pass at the owner’s death. Depending on the title, some assets pass under terms of the Will, by operation of law, or pursuant to a beneficiary designation. While it is an integral aspect of planning, properly titling assets is often overlooked. Assets titled in the sole name of an individual become part of the owner’s probate estate when the owner dies. Probate property will pass under the provisions of the owner’s Will, or if there is no Will, to the person’s heirs under the… Read more