My 91-year-old mother-in-law died on Dec. 13, 2020. There was no will, so we are currently working our way through the probate process. Her income was less than $20,000 a year from Social Security and we can’t find any tax returns she filed. Was she required to file?
There’s plenty of frightening data on retirement planning in the U.S., even before you consider COVID-19.
It’s generally a bad idea to name a trust as beneficiary of your IRA.
I understand that most people don’t need a living trust because probate is simple in the state, but can having a living trust save you time or money?
Charitable remainder trusts give you more options and more control on how your heirs inherit, now that the “stretch” IRA is a thing of the past.
How exactly do you deal with credit cards and rewards points when someone dies?
How can we see if there was a will and if it’s worth pursuing?
When making a will and testament, it’s important to follow the rules in your state to ensure the will is valid. One of those rules centers on the requirements for witnesses.
It’s possible to make changes to your will after it’s written, including removing or adding an executor, if necessary.
Usually when asked to be the executor of a family member’s estate, the person feels honored and trusted. It’s a big responsibility, since the executor will be tasked with carrying out a loved one’s final wishes.