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Transcription:
00:00:03 when someone dies all of their assets are going to go to someone else if they did not plan well you’ll have to go through a probate process which can be complicated and expensive sometimes however the their estate is so simple that it it was wise not to spend money on estate planning but typically you should take some steps to make sure that some if not all of your assets pass outside of probate and avoid the whole system entirely things that you should consider are look at your pension assets 401K Ira the administrator will allow
00:00:36 you not only allow you but often insist that you name who the beneficiary is typically that’s a spouse if there is no spouse or the spouse has passed you’ll want to name some alternates for them to keep it out of probate you can also name a beneficiary for bank accounts and for non-pension brokerage accounts if there’s real estate it gets a little more complicated if it’s held in an LLC you can do an LLC beneficiary designation if um it’s not held in LL LLC you can do a beneficiary deed or you can put someone on title so that it
00:01:13 passes to them when you pass