How Do Inherited IRAs Work?
September 28, 2022
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When someone dies with money left in an Individual Retirement Account (IRA), the funds can get passed on to the person’s loved ones through an inherited IRA.
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What Is a QTIP Trust?
September 26, 2022
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A qualified terminable interest property (QTIP) trust allows an individual, called the grantor, to leave assets for a surviving spouse and determine how the trust’s assets are split up after the surviving spouse dies.
What Happens to Digital Assets After Death?
September 19, 2022
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Regardless of the preferred record-keeping mode, most people have some sort of digital footprint, making it important to know who would have access to your digital assets if you became incapacitated and how those assets would be distributed in the event you pass away.
Family Feuds: Why Do Siblings Fight after Death of a Parent?
September 15, 2022
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There is no legal requirement that anyone give anyone else money or property when they pass. The law says that as long as you understand what you’re doing, you can give your assets to anyone you feel like giving them to, equal or not.
Estate Planning for Blended Families
September 14, 2022
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Traditional, very simple estate planning may not be sufficient to accomplish estate planning goals in many blended family situations.
How Does a Business Owner Create an Exit Strategy?
September 12, 2022
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You spend a lifetime building your business, so it’s crucial to have a game plan when it’s time to leave. Being prepared will help optimize the transition from a financial and tax perspective.
The Risks of DIY Estate Planning
September 6, 2022
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Even Consumer Reports suggests working with an experienced estate planning attorney to make sure documents are correctly prepared.
Is Now a Good Time for a Roth Conversion?
August 26, 2022
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A Roth conversion involves liquidating assets in a tax-advantaged account like a traditional IRA or 401(k), paying taxes on the withdrawal, and then funding a Roth IRA. In the short run, investors will pay taxes (more on that below).
How Do I Contest a Will?
August 25, 2022
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Wills often go through probate, which is the legal process for settling an estate. The rules are different for every state, so check with an attorney or your local county office to learn more.
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