Have a Trust or Use Payable-On-Death Account to Pass Wealth?
Is naming a beneficiary for a nonretirement, ‘payable on death’ account as effective as putting the account in a living trust?
Is naming a beneficiary for a nonretirement, ‘payable on death’ account as effective as putting the account in a living trust?
Prepare for the challenges of caregiving by creating a solid plan, seeking legal guidance and prioritizing your own self-care along the way.
Safeguard your married child’s inheritance with trusts, prenuptial agreements and postnuptial agreements.
Learn the crucial differences between heirs and beneficiaries to ensure that your estate is passed down according to your wishes.
After a tragic accident, Nancy Cruzan’s family couldn’t make medical decisions for her and fought years-long court battles to help her situation. An advance care directive could have prevented Cruzan from living for seven years in a permanent vegetative state.
Discussing inheritance early avoids surprises and prepares your children to manage the wealth and responsibilities they’ll inherit.
Discover the benefits of forming an LLC for your business, including liability protection, tax advantages, and flexible management options.
Contingent beneficiaries provide a safety net, if the primary beneficiary cannot receive the assets from an estate or proceeds from a life insurance policy or retirement account.
Some states have filial responsibility laws that let creditors turn to adult children for payment of their parents’ medical bills.
Obtaining a death certificate is crucial after the death of a loved one. It’s a necessary step toward settling their affairs and handling the probate process.