How Can Life Insurance Help My Estate Plan?
As people decide what they should do to benefit their spouses and families, considering life insurance in retirement can help protect, build and transfer wealth in one of the simplest ways possible.
Why Even “Regular Folks” Can Benefit from Trust Funds
A trust fund is an account that gives a person control over who will receive their assets during their lifetime and/or at their death.
Can I Place My IRA in a Trust?
You cannot put your individual retirement account (IRA) in a trust, while you are living. You can, however, name a trust as the beneficiary of your IRA and dictate how the assets are to be handled after your death.
Which Stars Won’t Leave Their Estates to Their Children?
Many A-listers have an impressive fortune worth millions and sometimes even billions of dollars, but not all of them intend to pass on this wealth from one generation to another.
What Estate Planning Documents Does My Child Need Now That She’s an Adult?
Parents may be surprised to learn that without some specific documents in place, they will no longer be able to obtain information or help their loved one should they be in an accident or other situation, where they can’t advocate for themselves.
Luke Perry’s Estate Planning – How Well Did He Do?
Luke Perry’s passing on March 4, 2019 was a sad moment for many, since his iconic role on Beverly Hills 90210 is forever etched in pop culture. However, in the eight months since his passing, it has become clear that unlike most celebrity estates, Luke Perry was financially savvy.
Can You Tackle Elder Law on Your Own?
The disadvantages of do-it-yourself elder law estate planning are costly errors, omissions and neglecting protections.
Should I Use a Bank as My Executor Instead of a Family Member?
What are the advantages, disadvantages and financial implications of appointing the bank as an executor of my will, instead of my child or relative?
Who Should I Name as Trustee of My Trust?
Having a trust is just one important piece of the puzzle, when planning for your financial legacy. Another piece: your trustee.
Will We Have to Pay Gift Taxes if We Give Property to a Child?
How should we best do this, so that we avoid future gift taxes?