Article: Just A Will Won’t Cut It: Planning for the Transfer of Non-Probate Assets at Death

Arielle M. Prangner recently published an article entitled, Just A Will Won’t Cut It: Planning for the Transfer of Non-Probate Assets at Death, Estate Planning Journal Vol. 14 Issue 1 (2022).

Provided below is the abstract to the Article: 

When crafting a comprehensive estate plan for clients, planning for and coordinating assets that pass outside of probate is an imperative part of the process. Most clients’ estates include non-probate assets; in fact, the proportion of these non-probate assets in relation to the overall value of the client’s estate is quite significant. It is not uncommon for life insurance and retirement plans alone to make up the majority of the value of a client’s gross estate. Accordingly, attorneys must advise clients to incorporate these assets into the estate plan, and not just as an afterthought.