It takes a special parent to care for a child with special needs. These parents’ greatest financial concern is typically ensuring that their children are cared for when they can no longer do so.
Some people might assume that estate planning is only for the wealthy. However, the reality is that anyone can, and should, engage in estate planning, regardless of wealth. Although creating an estate plan for same-sex couples isn’t totally different than for heterosexual couples, there are some considerations that are unique to same-sex couples.
Should I terminate these trusts and just have my children as beneficiaries of my investment accounts and life insurance?
What happens if a non-spouse beneficiary inherits an IRA account but dies before the money is put in her name. There were no contingent beneficiaries. Which estate would get the IRA?
Trusts give parents of special-needs children additional options for extending care and financial assistance. However, you might need some expert help.
For most of us, the first time we ever thought about probating a will is when someone in our family has died. So, what does it mean to probate a will?
A popular technique is to use a qualified terminable interest property (QTIP) trust.
No one can predict the future—and navigating that reality is precisely what makes estate planning so complicated.
Once you’ve bought an annuity or a life insurance policy and named your beneficiaries, you may never think about those beneficiary designations again. However, that could be a big mistake.
Many baby boomers may hesitate to discuss money with their children, but the reality is that a massive amount of wealth will be transferred in the next couple of decades.
