A person named as a transfer on death (TOD) beneficiary for an account will receive the assets held in it when the account owner dies.
Signing a prenup doesn’t indicate that you don’t have faith in your marriage, just like buying car insurance doesn’t mean you expect to get in a crash.
For disabled persons receiving financially based government benefits, supplemental needs trusts (‘SNTs’) can safeguard benefits and serve as an effective estate planning tool.
We celebrate Father’s Day in June, honoring dads who devote themselves to raising children and building families. To protect a family, create a legacy and prepare for the future, young fathers are wise to invest their time and attention in estate planning.
Legacy of Caring for Families
Amid the grief of losing a loved one, families are dealt additional burdens when the person did not leave behind a will or estate plan.
Trust funds are an essential estate planning tool. They can protect your assets while you’re alive and help ensure that you leave money to your children or other loved ones after you die.
There are good reasons why people want their estates to avoid probate, and a lot of ways to do it.
Unfortunately, there are several common missteps people make in their estate planning that can lead to unwanted results. Read on to discover the two things you should never include in your will, as well as what to substitute instead.
What Is Residuary Estate?