TRIP is thrilled to offer an estate planning workshop presented by Citizens Bank! Think you don’t have an estate? Think again. An estate is made up of everything you own, as well as any digital records. Your home, car, retirement plan, life insurance policy, bank accounts, rights and licenses, even your social media accounts — they all make up your estate
Key Takeaways
Your estate plan is the record of how you want your estate disbursed when you die.
Most estate plans begin with a will, which makes your wishes legal and helps your heirs handle your estate.
A beneficiary designation is a person named on your trusts, retirement accounts, life insurance plans, and transfer on death (TOD) accounts.