Neil V. Carbone Quoted in MarketWatch on Trusts, IRAs, and Estate Planning Pitfalls

Farrell Fritz Trusts & Estates partner Neil V. Carbone was recently quoted in MarketWatch’s The Moneyist column, offering insight into common estate planning pitfalls involving trusts, IRAs, and beneficiary designations.

In the column, Neil addresses key legal considerations around the treatment of retirement accounts, the use of payable-on-death and transfer-on-death designations, and the implications of transferring assets in and out of a revocable trust.

From the article:

“The advantage of those designations is that they make for easy collection of the asset after death — generally all that is needed is a death certificate,” Carbone says. “Funds will be paid outright to the individual beneficiary.”

Read the full article here: ‘Selling will be a very difficult process’: My mom, 93, owns a timeshare in Florida. How can I disclaim this inheritance? – MarketWatch