Monthly Archives: December 2017
What You Need to Know About Individual Retirement Accounts and Estate Planning
Individual retirement accounts, most commonly referred to as IRAs, can cause problems in estate planning if you do not manage them correctly. Most married people will put the spouse as their primary beneficiary on their IRA; however, they might not worry about the IRAs in the process of the estate planning since they already… Read More »
Study of Baby Boomer Generation Shows Lack of Interest in Passing on Money to Heirs
Trillions of dollars will be passed on to future generations as baby boomers age in the next couple of decades. A recent study conducted by PNC Financial Services Group shows that if you’re anticipating a major inheritance from your grandparents, you might want to think again because only three out of ten people between… Read More »
Don’t Give Too Much Too Soon in Your Estate Plan
It makes sense that you want to pass on as much as possible to your loved ones. What’s even more important, however, is how you choose to do this. The timing of when you make a gift to a loved one can make a big difference in how your family member is able to… Read More »
The Four Critical Components of Living Trusts
A trust is a legal way of managing, distributing, and holding property. The selection of a living trust is very popular, but you should always understand what is needed to ensure that this trust is valid. In order for a trust to be effective and valid, it needs to have four different elements. First… Read More »