Regardless of one’s feeling on estate planning, there is one estate planning document that all Americans should have: A Health Care Directive.
Being named in someone’s will as the executor–the person to handle and settle up estate matters–sounds like a great honor.
A 401(k) is an employer-sponsored account that allows you to defer the taxes on your investments until retirement, which meanw that you can roll up more money faster.
Years ago he signed a power of attorney document naming me as his agent, so I could help him with these types of things. Not ever having done this before, what do I need to know about fiduciary duty?
IRAs provide better opportunities for long-term growth than other assets you could leave to a minor.
A task without a deadline is just wishful thinking. Sometimes, you can get away with procrastinating. If you never get around to alphabetizing your spices, no one’s life will change.
Preparing an estate plan, is like getting a physical. We know responsible adults have it done but choosing to do it yourself is just not appealing. We may decide with the information available on the internet, we simply can self-diagnose any problems that arise.
Taxpayers can benefit from higher thresholds for U.S. estate and gift taxes, even if they don’t die until after the tax overhaul expires in 2026, the Internal Revenue Service said.
We have all heard the term ‘probate.’ However, we may not be exactly sure what this means. It may sound daunting, but don’t be intimidated by the phrase.
Being a fiduciary is a time-intensive and intellectually challenging task to put upon an individual.
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