[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.amorusolaw.com\/blog\/is-your-will-the-final-word-not-necessarily-greenwich-ct-rye-brook-ny\/#BlogPosting","mainEntityOfPage":"https:\/\/www.amorusolaw.com\/blog\/is-your-will-the-final-word-not-necessarily-greenwich-ct-rye-brook-ny\/","headline":"Is Your Will The Final Word? Not Necessarily","name":"Is Your Will The Final Word? Not Necessarily","description":"A will may say to divide an estate equally among three children. But if a particular account is titled to pass to just one, only that beneficiary will get the account. Your Last Will and Testament is the legal document to put your wishes in writing and get it all straight, right? Not necessarily. The […]","datePublished":"2013-11-25","dateModified":"2023-08-12","author":{"@type":"Person","@id":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/#Person","name":"Amoruso & Amoruso LLP","url":"https:\/\/www.amorusolaw.com\/blog\/author\/amorusolaw\/","identifier":5,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/12de032c04195e9c39a06a6d6eea182f7b4fa655c20e245f8094a244b5cdd0cb?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Amoruso & Amoruso LLP","logo":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/07\/amoruso-logo.svg","width":0,"height":0}},"image":{"@type":"ImageObject","@id":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b019b0389e900.jpg","url":"https:\/\/www.amorusolaw.com\/wp-content\/uploads\/2023\/04\/6a01901dd0a082970b019b0389e900.jpg","height":791,"width":607},"url":"https:\/\/www.amorusolaw.com\/blog\/is-your-will-the-final-word-not-necessarily-greenwich-ct-rye-brook-ny\/","about":["Beneficiary","Estate Planning","Probate","Will"],"wordCount":302,"keywords":["Beneficiary Designation","Estate Planning","Probate","Will"],"articleBody":"A will may say to divide an estate equally among three children. But if a particular account is titled to pass to just one, only that beneficiary will get the account.Your Last Will and Testament is the legal document to put your wishes in writing and get it all straight, right? Not necessarily.The key to the disposition of your estate is how your assets are \u201ctitled\u201d and how the beneficiaries are designated.In fact, none other than The Wall Street Journal considered this subject in a recent article titled \u201cA Will Is Not Always the Last Word.\u201dEssentially, your Will is a powerful piece of legal documentation. It is oftentimes the centerpiece of an estate plan and the north star of a probate proceeding. However, for many Americans, their estate planning is a hodge podge of formal legal planning (e.g., a Last Will and Testament) and more informal planning (e.g., beneficiary designations on retirement funds or other assets outside of a Last Will).Assets that pass \u201coutside\u201d of the control of a Last Will are not subject to the controls you establish in your Last Will. For example, if one of your heirs is given to \u201csubstance abuse,\u201d then the direct, outright distributions from your retirement funds or life insurance will pass directly into his or her hands, for better or for worse.As the original article notes and common sense validates, the careful coordination of your estate planning legal documents (i.e., Last Will and Testament, Revocable Living Trust, etc.) and the titling\/beneficiary designations of your assets is fundamental to the success of your estate distribution objectives.Reference: The Wall Street Journal (November 10, 2013) \u201cA Will Is Not Always the Last Word\u201dFor more information on asset preservation and estate planning, please visit my estate planning website."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/www.amorusolaw.com\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Is Your Will The Final Word? Not Necessarily","item":"https:\/\/www.amorusolaw.com\/blog\/is-your-will-the-final-word-not-necessarily-greenwich-ct-rye-brook-ny\/#breadcrumbitem"}]}]