Who will run your business after your death?
Trusts aren't only for wealthy individuals, they are for blended families, families with young children, and people who want to avoid probate.
A pay on death beneficiary is a beneficiary designation that you can make on bank accounts. This allows for your beneficiary to have quick access to funds without going through the probate process. This can be a huge benefit to your beneficiary, because it gives them funds to pay for funeral arrangements, last medical bills, [...]