"If it comes into force this proposal would give the Welsh Government the power to set the tax regime for a business of which it is the sole owner and beneficiary".

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Jointly owned assets generally pass on to the joint owner without going through probate, but for assets without a joint owner or designated beneficiary, you may have to change the way the assets are held in order to avoid probate.

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The safe place is in a 529 plan with a parent as the owner and the student as beneficiary.

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Yet so long as you remain the account's owner, you can change the beneficiary or even take the money back -- if the state plan permits it.

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The owner of the gun is the trustee and the beneficiary.

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