If you need to withdraw funds from an individual retirement account or 401(k) account before age 59 1/2, there’s usually a 10% early withdrawal penalty.
The important thing to acknowledge is that the emotions behind the reasons are not trivial, but are important and should not be dismissed or minimized.
The thought of preparing your own will might feel a little daunting, bringing an onslaught of emotions like fear or sadness.
Accidents happen. Illnesses can strike anyone unexpectedly. So, take a moment to get a few basic estate planning tasks out of the way. You—and the people you love—will be glad you did.
One often unrecognized fact regarding drug pricing is the difference in bargaining power depending on what agency or group is doing the bargaining.
Property law can be complex and arcane, even for lawyers and judges. The rule against perpetuities is an example of how older property laws can influence how families transfer and inherit property rights.
Get a message offering help with a computer problem you didn’t think you had? It’s probably a scammer looking for your money and personal information.
Even Consumer Reports suggests working with an experienced estate planning attorney to make sure documents are correctly prepared.
Understanding the different treatment of gifts by the IRS, Medicaid and VA systems can ensure that property passes as expected.
It may sound like it makes sense, and it might be easier than picking a person (or two) to name, however there are some serious downsides to naming your estate as the beneficiary for your IRA.
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