Estate planning is much more than setting up a trust. The broadest description of estate planning is the process of preparing to dispose of your assets when you pass away. At least, that’s the textbook definition. Understandably, that gives many people the impression that estate planning is for the rich or those taking required minimum […]
Tag Archives | probate
IRA Beneficiary Designations – What You Need To Know
IRA beneficiary designations specify who should receive your retirement account funds if you are to pass away. But there’s much more to it than that. Despite the importance of naming beneficiaries, it is often at the bottom of the to-do list. When an IRA (individual retirement account) is opened, it is often the result of a rollover […]