If the Beneficiary Has Passed On, Who Ends up With the Inheritance?
Who will get an inheritance if the beneficiary is deceased? We call this "what if" planning and it is a critical part of the estate planning process. You may be wondering whether if you leave property to your brother Jim, but he dies before you, would his kids inherit the property in his place? The answer is, only if your living trust or will explicitly states as much. To ensure your document is correct, it's best to say so specifically in various particular ways. The surest way is to word your will or trust like this: “To my brother Jim, ... Read More
