Bestselling Author and Retirement Expert, Dale McGregor, explains why understanding “the flow of money when you die” matters. He outlines how assets pass to a joint owner, to named beneficiaries, or through probate—and where living trusts fit in. Dale breaks down revocable versus irrevocable trusts, how trustees carry out your wishes, and why a will alone still forces your family through probate court. He uses the high-profile example of musician Prince to show how poor planning can cost heirs years of delay and tens of millions in legal fees and taxes.