estate plan

Considerations When Choosing Beneficiaries

  Beneficiaries are a crucial part of your estate plan. They are the people or organizations that will ultimately benefit from your estate when you pass away. Your beneficiaries can receive money or anything else you pass down to them, such as Social Security disability, savings and checking accounts, life insurance policies, retirement plans, and […]

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Long-Term Help for Special Needs Children

Estate planning may be more complex for parents whose heirs have special needs or other impairments that limit their ability to take care of themselves. The unique requirements of special needs children constitute a large and growing niche. The U.S. Census Bureau reports that 10 percent of American families have a special needs child with […]

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Questions to Ask Before Meeting with an Estate Planning Attorney

Prior to making an appointment with an estate planning attorney, ask yourself a few questions to come prepared to the meeting. If you don’t know the answer, come with prepared questions for your attorney. Doing this will ensure the best use of your time and money. What makes up my estate? Your estate consists of […]

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How to Handle Inheriting an IRA

If you inherit a traditional IRA, there may be tax implications to consider.  Tax rules differ depending on whether or not the beneficiary is a spouse. Knowing the rules can shield you from some serious tax consequences. If you’re a spouse of the deceased, you have a number of scenarios, depending on your age. One […]

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