The SECURE Act would change how long you can hold on to a 401(k), a traditional IRA or a Roth IRA that you’ve inherited from someone who’s died…With the new bill limiting the stretch to 10 years, estate planners are going to have to find other vehicles for tax savings.
It’s best to make your decision about serving as trustee with eyes wide open. Here’s a brief look at what the job will likely entail, along with some situations where you might want to seriously think twice about agreeing.
Whether through illness, injury, or other means, anyone can require a guardian to become appointed if they become mentally incapacitated. In such cases, if there is no estate planning in place (or insufficient planning), a guardianship must be established via a court process in the county probate court.
How parents can reclaim their role as the chief-orienting influence in their children’s lives with unconditional love, and how to use estate planning to show your children that you love them unconditionally and begin to involve them in the process depending on their age.
If you feel that the unbreakable bond you once had with your children is eroding, Dr. Gabor Matéhe reveals the latest scientific research with his own 20 years of experience as a family physician to empower parents to earn back their children’s love and loyalty.
The false sense of security offered by DIY wills can lead you to believe you have things covered and no longer have to worry about estate planning. The reality, however, is that such generic forms could end up costing the loved ones you leave behind more money and heartache than if you’d never gotten around to doing anything at all.
The false sense of security offered by DIY wills can lead you to believe you have things covered and no longer have to worry about estate planning. The reality, however, is that such generic forms could end up costing the loved ones you leave behind more money and heartache than if you’d never gotten around to doing anything at all.
If you’re sued, your traditional homeowner’s and/or auto insurance will likely offer you some liability coverage, but those policies only protect you up to certain limits before they max out. Given this, you should consider adding an extra layer of protection by investing in personal liability umbrella insurance.
In most states, there are three legal documents which can make all the difference when a medical crisis strikes and your young adult child is far from home. Used together, they can ensure a parent or trusted adult be kept in the loop about care and treatment when a child over the age of 18 experiences a medical event while away at college, traveling, or living far from home.