"Your Guide to Will Substitutes"
Everyone knows that a will distributes property, but most people don't know about the many ways of passing property at or before death. It's not that these substitutes completely eliminate the need for a will. Almost everyone needs a will to cover property not conveyed in other ways and to nominate guardians for minor children. But there may well be advantages in passing some property outside of the will. This article looks at a few possibilities. Your lawyer can advise how they could fit into your estate plan.