What Is a Testamentary Trust and Do You Need One?
Utilization of a testamentary trust for the surviving spouse is an excellent idea, whether the survivor is the husband or wife.
Your Spouse Just Died … is Probate Needed?
In many relationships, it’s common for one spouse to play money manager and the other to take a more passive role. This, however, can lead to major complications, when the financially dominant partner dies first.
Beneficiary Designations and Your IRAs
If you have an individual retirement account, do you recall filling out a beneficiary designation form? That’s the document that allows you to direct the IRA custodian to transfer your IRA to the people you name in the form.
Making an IRA Part of the Estate Plan
You’re hoping to leave your loved ones a nice legacy and something that can enhance their financial security or help them achieve special goals. Have you considered how your individual retirement account (IRA) fits into your estate plans?
Planning for the Sad Truth of Growing Old Together
If you're part of a married couple, it's highly likely that one of you will become a widow or widower at some point.