Steps to Take When a Loved One Dies
When a member of your family dies, you could be left to pick up the financial pieces. Finding all the information you need can be challenging.
May 28, 2020
Incorrect Beneficiary Designations are Trouble for Heirs
Most consumers are familiar with the beneficiary designation form they complete when opening an IRA or 401(k). The form designates who receives the asset, if the account owner dies. However, these forms can create confusion, unintended bequests and family turmoil, if not adequately monitored.
May 27, 2020
Testamentary Trusts give Protection to assets
Utilization of a testamentary trust for the surviving spouse is an excellent idea, whether the survivor is the husband or wife.
May 26, 2020
Passing the Vacation Home to the Family
Is it time you made a decision on the future of the wonderful getaway that everybody loves but only you maintain?
May 22, 2020
Family Businesses Can Prepare for Future Tax Changes
Coupled with the upcoming presidential election, small to mid-sized business owners are faced with a slew of financial decisions that could impact the wealth of their business and the legacy they leave to their successors.
May 20, 2020
Designate agent to handle Social Security benefits
Now you can actually have a voice in who is chosen, but you need to do it while you have capacity.
May 19, 2020
What is a Survivorship Period?
Survivorship periods don’t usually surpass 60 days. If this period surpasses 120 days, it could put the tax-free estate transfer of assets to a surviving spouse at risk.
May 18, 2020
Which Takes Priority in a Conflict: a Will or a Trust?
A will and a living trust are both part of a comprehensive estate plan, that sometimes are inconsistent with one another. When there are conflicts, the trust takes precedence.
May 15, 2020
Taking Social Security benefits early
For many older adults, claiming Social Security early would be a big mistake. It was a mistake made by many older workers, who lost jobs in the Great Recession.
May 14, 2020
Digital Assets Need to Be Protected
The proliferation of digital footprints in our online communities raise demand for consumer tools and options for dealing with digital assets upon incapacity and death.
May 13, 2020