Retirees, Your Finances Need an Annual Checkup
An annual review should include going over your budget, taking a look at your investment portfolio and making sure you have the right beneficiaries listed on life insurance.
An annual review should include going over your budget, taking a look at your investment portfolio and making sure you have the right beneficiaries listed on life insurance.
Estate planning costs vary, and the difference in fees can only add to the emotional challenges. It’s difficult enough to begin managing matters of death without confusion on top of that. The pandemic has only compounded such challenges. We are most … Continue reading →
The post Breakdown of Estate Planning Costs appeared first on SmartAsset Blog.
Debt has a way of following you around. A lender can chase you wherever you go in the United States; they can sue you, take assets, garnish wages. Itâs a lengthy and chaotic process that can cause endless stress and it doesnât end when you die. Outstanding debts can follow you to the grave and […]
Hereâs What Happens to Your Money and Debt After You Die? is a post from Pocket Your Dollars.
A trust can be a useful estate planning tool, in addition to a will. You can use a trust to remove assets from probate, potentially minimize estate and gift taxes and ensure that assets are managed on behalf of beneficiaries … Continue reading →
The post Simple Trusts vs. Complex Trusts appeared first on SmartAsset Blog.
Estate planning can help you pass on assets to your heirs while potentially minimizing taxes. When gifting assets, itâs important to consider when and how the generation-skipping tax transfer (GSTT) may apply. Also called the generation-skipping tax, this federal tax … Continue reading →
The post What Is the Generation-Skipping Transfer Tax? appeared first on SmartAsset Blog.
Medicaid is a government program that can help eligible seniors pay for nursing home care. If youâre helping an aging parent navigate Medicaid because they donât have long-term care insurance or you think youâll need it yourself someday, itâs important … Continue reading →
The post What Is Medicaid Estate Recovery? appeared first on SmartAsset Blog.
Choosing a 401(k) beneficiary ensures that any unused funds in your account are dispersed according to your wishes after you pass away. Whether youâre married, single, or in a domestic partnership, naming a beneficiary simplifies the estate process and makes it easier for your heirs to receive the money. Thereâs room on 401(k) beneficiary forms […]
The post How to Choose a 401(k) Beneficiary: Rules & Options appeared first on SoFi.
Making a last will and testament is an important part of your estate plan and there are different types of wills to choose from. A nuncupative will, meaning a will thatâs oral rather than written, may be an option in … Continue reading →
The post What Is a Nuncupative Will? appeared first on SmartAsset Blog.