Financial Topics Safe for This Yearâs Thanksgiving Table
Talking about money over turkey may be less stressful than getting into politics or social issues this year. Here are some possibilities to get the ball rolling.
Talking about money over turkey may be less stressful than getting into politics or social issues this year. Here are some possibilities to get the ball rolling.
If your estate is big enough, you should know how generation-skipping transfer taxes work, and how to avoid paying more than you must.
Speaking to aging parents about money isnât easy. Here are nine important questions to ask.
Estate planning can be difficult. In addition to the fact that it may bring up some uncomfortable feelings – like grappling with oneâs mortality – there is also the fact that it can be a complex legal process. There are … Continue reading →
The post Trustee vs. Executor: What’s the Difference? appeared first on SmartAsset Blog.
A credit shelter trust is used to help married couples with significant assets pass their estates after their deaths to children or other beneficiaries without incurring estate taxes. Credit shelter trusts are also useful for avoiding probate, shielding assets from … Continue reading →
The post How Does a Credit Shelter Trust Work? appeared first on SmartAsset Blog.
A Medicaid asset protection trust (MAPT) can be useful for estate planning if you believe you or your spouse will need long-term care at some point. Transferring assets to this type of trust can allow you to qualify for Medicaid … Continue reading →
The post How a Medicaid Trust Protects Your Assets appeared first on SmartAsset Blog.
IRAs are the name of the game for todayâs retirees. While they come with helpful tax breaks for savers, pulling money out in retirement comes with major tax consequences â which could get much more serious if taxes rise in the future. But there are things you can do about that.
Payable on death accounts can help streamline the process of transferring certain assets to loved ones after you pass away. Also referred to as a POD account or Totten trust, a payable on death account can be established at a … Continue reading →
The post Pros and Cons: Payable on Death (POD) Accounts appeared first on SmartAsset Blog.