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Although in many situations the advantages outweigh the disadvantages when selecting beneficiaries, there are always exceptions.

If you are a property holder, you may use a Lady Bird Deed to transfer real property to a specific beneficiary while retaining certain rights to the property.

Creating a spendthrift trust for your loved one can limit their spending and your protect wealth. 

Last wills and testaments (also known simply as wills) are not just for the wealthy.

Trusts are legal arrangements used in estate planning, alongside wills and advance directives.

Vermont has become the first state in the U.S. to update its end-of-life choice law to make it legal for nonresidents to pursue medically assisted suicide.

A crucial, yet often overlooked, component of estate planning is reviewing assets, such as 401(k)s, pensions, and savings accounts, and ensuring you have listed a beneficiary for each of these.

A QLAC is an annuity that you purchase with funds from an IRA, 401(k), or 403(b) account and that guarantees you will receive retirement income on a set schedule.

If you wish to maintain control during your lifetime over the assets you place in a trust, you may choose to establish a revocable, or "living" trust – most likely, along with a pour over will.

While financial planning has been at the top of many Americans’ minds, a vast majority of people have stalled in creating an estate plan.