This is a simple way to ensure that you have resources for your lifetime and emergency needs. Implement this plan with bank accounts, brokerage accounts, IRAs, pensions, and any other accounts that allow you to name a beneficiary the recipient of the account at your death. This plan allows you to avoid probate costs and can reduce your federal estate taxes.

Contact your bank, broker, trust company, or IRA and pension administrator for details on how to make CJFM a beneficiary.