Your individual retirement account (IRA) is primarily intended to provide you with a regular source of income in addition to Social Security. To designate whom you want to receive whatever is left when you pass away, you need to list them as beneficiaries on your IRA...
Month: December 2021
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Assets you should not include in your living trust
A living trust, just like a will, is an important estate planning tool that lets you spell out who will get your assets when you pass on. A living trust allows you to “put assets” into it. You can put different types of assets such as bank accounts and stocks in your...
How do I discuss my estate plan with my children?
Having an estate plan that reflects your wishes is great. But having an estate plan that will not be the subject of disputes is much better. When you take time to create an estate plan, one of the things you need to consider is discussing your wishes as outlined in...