Financial & Estate Planning

Naming the right beneficiary for your IRA can be enormously important. Recommended strategies: Name one or more individuals. After they …More

Most state qualified tuition programs permit a trust to be an account owner of a 529 savings plan. The trustee …More

A power of attorney grants someone (the “agent”) authority to act on behalf of another party (the “principal”). A durable …More

If you’re setting up a trust to help someone who’s disabled, you may want to preserve the trust beneficiary’s eligibility …More

If you are holding Section 529 college savings plans, possibly for your children or grandchildren, chances are that you

The beneficiary of your IRA could be: Your spouse: He or she can rollover an inherited IRA or Roth IRA …More

A decision on whether to hold certain investments inside your tax-deferred retirement plan or outside depends on: Your age. Young …More

That said, certain equities probably should be held inside your IRA or other tax-deferred retirement plan: Real estate investment trusts …More

This clause states that anything not specifically mentioned in your will goes to your spouse, or to a specific child, …More

In addition to the normal considerations for the division of assets in a will, you may want to make certain …More

Don’t assume that your son knows that he’s to receive your stamp collection and your sister knows she’ll inherit your …More

To ensure your will stands up it should be written, by an attorney. Wills that you write yourself, or fill-in-the-blanks …More

One danger to avoid: designating a trust that

If you have multiple beneficiaries for your IRA, you

An IRA is meant to be an Individual Retirement Account, spent down during your lifetime and your spouse

One way to tap your home equity, yet retain your present home, is through a

When might a reverse mortgage make sense? Such a transaction may be suitable if you have no heirs or charitable …More

With a reverse mortgage, lenders face the risks that borrowers will live for many years, during which home prices will …More

To be eligible for a reverse mortgage a homeowner normally must be at least 62 years old (both owners must …More

The 2001 tax law eases the burden of estate taxes for people who die after 2001. However, the legislation raises …More