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Wills and estate planning

What a will controls, what it does not, and the beneficiary forms that outrank it.

Last will and testamentWhat a will controls, the four things it does not, and why the document that decides your funeral is usually a different one entirely.Eight minutesWhat happens if you die without a willThe state has already written one for you. Who inherits under it, why a blended family is the case it handles worst, and the person it leaves out entirely.Six minutesLiving trust vs willWhat each document does, why the real cost of probate depends entirely on your state, and the mortgage rule that surprises people in California.Five minutesPayable on death vs willThe form at the bank outranks the will, and four ways that cuts against you, including the divorce that does not undo a 401(k) form.Ten minutesWhat does an executor do? The first 90 daysYou can say no. What the job actually involves, the ninety-day clock most states put on the inventory, and why the fee is taxed differently than the inheritance.Seven minutes

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Reading is not the work. Writing it down is.