Estate Planning
What Is the Relationship between Executor and Beneficiaries?
In terms of executor vs. beneficiary rights, there are several differences with regard to what type of authority each one has.
April 18, 2023
Estate Planning
Key Components of an Estate Plan to Tackle First
Having the right legacy plans and documents in place is one of the most important steps aging individuals can take, both to give themselves peace of mind and to avoid the possibility that confusion will make an already challenging situation even worse.
April 14, 2023
Estate Planning
What Is a Beneficiary?
When an individual purchases an annuity, they name one or more beneficiaries who will receive the benefits if something happens to them before the contract ends. This could be due to death, disability, or another event that would cause the individual to no longer need their income from the annuity. The ultimate beneficiary of an annuity is the individual receiving the payments. However, there can also be additional beneficiaries.
April 6, 2023
Asset Protection
Can a Power of Attorney Withdraw Money from Bank Account?
The first step in understanding whether a power of attorney can transfer money to themselves is to understand the different types of power of attorney.
March 20, 2023
Estate Planning
Do I Need a Life Insurance Trust?
Created to own and control a life insurance policy or policies while the insured is alive, Irrevocable Life Insurance Trusts (ILITs) are tools that are sometimes recommended by estate and planners.
March 14, 2023
Estate Planning
Can I Protect My Family after Death?
The future is uncertain. However, you can ensure that your family and loved ones are taken care of with estate planning. Estate planning is a critical component of financial planning for the future.
February 9, 2023
Estate Planning
Beneficiary Mistakes to Avoid
Before making a decision on a beneficiary, it’s very important to check your state laws. Some states have different rules on who you can name as a beneficiary.
January 31, 2023
Estate Planning
Should Each Child Get Equal Inheritance?
Equally sharing the wealth among the children isn’t always fair, such as when one sibling is the primary caretaker, or another is already wealthy.
January 24, 2023
Estate Planning
What Does a Last Will and Testament Do?
A last will and testament is essential for every adult. It establishes one’s wishes for distributing their property, whether real or personal, after death.
January 23, 2023
Asset Protection
Can Estate Plan Be Created without My Spouse?
I’m looking for guidance on where to start with planning in case something happens to me or my husband.
January 10, 2023