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For many accounts in your estate, you can name a beneficiary who will receive those assets at your passing. Beneficiary designations are incredibly helpful because those assets bypass the probate system and pass on directly to the beneficiary named. However, once you name a beneficiary for an account, it is important that you update…
There are many people who may step forward to take care of an elderly loved one in his or her final stage of life. However, not all family, friends, and caretakers have the best intentions, and if someone who has spent a considerable amount of time with your family member suddenly stands to inherit…
A trust can be a good mechanism to transfer your assets to the next generation or to anyone else you choose. A legal trust can place conditions on distributions from the corpus (property in the trust), minimize or avoid gift and estate taxes, protect assets from marauding creditors, look after vulnerable beneficiaries who count…
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