Simplest Estate Planning

Have you ever wondered if there is a simple way to pass assets at death?  Maybe for that elderly parent with few remaining assets?  Well, there is.  It certainly isn’t appropriate for all, but it can work well in the right situation. 

First, assets that name beneficiaries (IRA’s, life insurance, annuities, etc.) avoid complexity at death because a will or trust has no effect on them.  They are contracts that dictate who will receive the benefits when the owner dies regardless of what a will or trust provides.

Second, the way assets…