Living Trusts: Revocable vs. Irrevocable
Though living trusts can be tailored to your needs, they generally fall into one of two categories: revocable and irrevocable. In this article, we discuss the key differences between revocable and irrevocable living trusts, providing insight that will help you decide which type is right for you. What Is a Living Trust? A living trust […]
What Happens to an Estate if a Beneficiary Dies Prematurely?
The primary goal of estate planning is to designate heirs for your assets. You may, for example, bequeath a summer home to your son or a stock portfolio to your daughter. But what happens to your assets if a beneficiary passes before you do? The short answer is “that depends.” If a beneficiary dies before […]
Do Your Retirement Accounts Go To Probate?
You have spent many years saving for retirement, and you want to get the most out of your golden years. Regardless of whether you have one retirement account or several retirement accounts, you may want to pass on the balance of those retirement accounts to your heirs. When you pass away, most of your assets […]
What Happens To Your Bank Account When You Pass Away?
Are you the primary provider in your family? Says your family depends on your income? If so, you must make sure you have a plan in place after you pass away. That way, you can make sure your family is taken care of. You must make sure your estate is distributed accordingly, so what happens […]