the executor of a will

7 Steps to Take If You Are the Executor of a Will

Being the executor of a will can be an emotional and overwhelming process. On the one hand, you are in charge of distributing the deceased person’s property as outlined in his or her will, as well as the payment of debts and expenses. On the other hand, if you are this person’s executor, you are likely grieving his or her passing. In many cases, children are the executors of their parents’ wills.

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inherited IRA

What to Do with an Inherited IRA

As we discussed previously, waiting on an inheritance is probably not a viable retirement plan. However, that does not mean that you should not be prepared in the event that you do inherit a portion of money from your loved ones. It is estimated that millennials will inherit a collective $30 trillion as heirs over the next 30 to 40 years. How do you receive the money you inherit? What are you allowed to do with it? What should you do with it? These are all valid questions for someone dealing with an inherited IRA.

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