Trust distributions might be taxable, with the tax liability potentially varying based on factors, such as the type of trust, the kind of distributions and a beneficiary’s tax bracket. Read more
While we all hope to age gracefully, we need to prepare for the potential risks of aging as it relates to investing and financial wellbeing. Read more
If you have life insurance, you know you were required to pick a single or multiple beneficiaries when you purchased your policy. When you die, the beneficiaries receive the payout from the policy. Read more
Estate planning not only makes things easier for your loved ones if you become incapacitated or when you’re gone, but it also does these three important things. Read more
Cryptocurrency has changed the nature of what can be considered an asset, and that’s affected estate planning, too, the process of allocating your assets to your heirs on your death. Read more
An inheritance is a windfall that can absolutely help someone’s financial situation — but it can make your taxes tricky. Read more
Legendary Price Is Right host Bob Barker, who died last month at age 99, had been quietly battling Alzheimer’s disease. Read more
If you plan to pass assets through a will, just remember that most of the time, that will becomes public once the probate estate is closed. Therefore, if you left one of your children out, left your favorite a bit more or are just a private person, you may be better off with a trust. Read more
Whether planning as the predecessor or the next generation, having the right processes — and partners — in place will set up the transition for success. Read more
