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.Continue reading » 7 Steps to Take If You Are the Executor of a Will
A fortunate few of us are born into wealth. Most of us have to work for it. And still others come into it at some point in their lives—whether by chance, or by inheritance. According to The Street, millennials are going to inherit a collective $30 trillion from their parents in the coming decades. Leaving a legacy to their loved ones is a goal that many American workers have as they build wealth throughout their lives. But is an inheritance something you should necessarily expect? Regardless, waiting on an inheritance is not a retirement plan you should bank on.Continue reading » Why Waiting on an Inheritance Is Not a Retirement Plan You Should Bank on
An important piece of the retirement planning puzzle is not only determining how you will use your assets to pay for your retirement, but also mandating what will happen to your assets after you pass away. A will outlines the latter, giving you control over your estate and influence over it after you have died. Among the reasons you need a will are:Continue reading » 5 Reasons You Need a Will
A trust is a way to keep your assets out of probate—to have your money go directly to your beneficiary in a lump sum.Continue reading » What if there was a Free Trust?
Part of planning for retirement is determining to whom your assets will go when you pass away. There are several ways to go about this, but some are more arduous than others. Do you know the difference between a will and a trust?Continue reading » Do You Have a Trust?
Planning for your death and organizing your estate is not necessarily a process anyone looks forward to, and therefore it is often pushed to the bottom of peoples’ priority lists. However, it’s a process that, if neglected, could have negative consequences on your hard-earned assets and for your family.Continue reading » Who Needs a Will?