You want to be wise about investing your new inheritance. After all, it's a windfall and you may be thinking about putting it into taxable accounts or property assets. But take a step back to consider some tips on what to do. Resolve taxes There's a difference...
It may sound simplistic, but making sure you've let your heirs know where your inheritance plans and paperwork — and passwords — are and how to find them is one of the top will problems. How about the conventional wisdom of leaving each child an...
No one likes to think about estate planning, but it’s important for adults of any age to have their affairs in order, especially if you have family or loved ones. As the old saying goes, “hope for the best, prepare for the worst.” Here are just...
An executor administers your estate and distributes your assets. It’s one of the most important decisions you’ll make when preparing a will. The executor is charged with carrying out your final wishes. **This article talks about a will-based distribution of an estate. In contrast, an estate...
A life insurance trust is a form of irrevocable trust that invests the proceeds of a life insurance policy into a trust with designated beneficiaries. Most life insurance policies are owned by the insured. The money is paid when the insured dies, but the payment...