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Personal Finance (Not Investing) • Name Trust Accounts vs. Trust as Beneficiary

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We updated our trust and the attorney is recommending that we re-title our brokerage, employee stock accounts, bank accounts into "Smith Revocable Trust". The property deeds have also been filed with the clerk of court to update the ownership to the Trust. My in-laws, who created their trust years ago, haven't re-titled (all of) their accounts; instead has named the "Jones Living Trust."

I really didn't get a good answer about which method was better. I know which method is easier :D

Which is the better method, and is there an effective difference? We live in North Carolina.

Statistics: Posted by ichee_marone — Wed May 22, 2024 11:06 am — Replies 5 — Views 273



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