As previously announced, Dick will be retiring at the end of August. Many of his clients have met with him over the past eleven months to discuss a seamless transition to a younger attorney here at L&Y. If you have not done so, please contact Dick at your early convenience to schedule a transition meeting in May or June if possible. Read More
We have seen an increasing number of situations where a decedent had designated beneficiaries of a bank or investment account, apparently to “avoid probate” and in some cases (according to family members) to avoid the claims of his or her creditors after death. Although beneficiary designations are necessary for IRAs, retirement accounts and life insurance, they are not necessary and are often undesirable for other accounts.