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And you shouldn't name a minor or a pet, either, because they won't be legally allowed to receive the money you left for them. Naming your estate as your beneficiary could give creditors access to your life insurance death benefit, which means your loved ones could get less money.

Naming a trust as a beneficiary is a good idea if beneficiaries are minors, have a disability, or can't be trusted with a large sum of money. The major disadvantage of naming a trust as a beneficiary is required minimum distribution payouts.

Write only one beneficiary on each line. Make sure that you write the full names of all beneficiaries. For example, if you name you children as beneficiaries, DO NOT merely write ?children? on one of the lines; instead write the full names of each of your children on separate lines.

To leave property to your living trust, name your trust as beneficiary for that property, using the trustee's name and the name of the trust. For example: John Doe as trustee of the John Doe Living Trust, dated January 1, 20xx.

Notifying Tenants of Auctions Typically, when a tenant fails to pay their storage fees within a certain timeframe, usually 30-90 days depending on state laws and company policy, the moving and storage company has the right to auction off their belongings.

In California, a storage unit can be auctioned off 14 days after the rent becomes due if no payment has been made. However, facilities must send written notice to tenants at least 10 days before the scheduled auction date. StorageTreasures provides information on upcoming auctions in California.