You can structure your gift in different ways to meet your needs. For example, you can make a: Specific Bequest a gift of a specific dollar amount, asset, or percentage of your estate to a specific person or organization. Residual Bequest a gift all or a percentage...
Revocable living trusts are often used to avoid having to open a probate in more than one state. When you own real property in your name (without any provisions for right of survivorship) you are required to seek the assistance of a court to transfer title at death....
Did you know that the proceeds from your life insurance policy are included in your estate? You can use an irrevocable insurance trust (ILIT) to own your policy and still leave the proceeds to your family without having the funds included in your estate. There are...
Did you know that f you list your three children as your beneficiaries on your IRA and one of your children predeceases you that child’s children may get nothing? Did you know that if you name a minor as a beneficiary, they can’t legally own that IRA? Many parents...
IRA beneficiary designations are a confusing topic to many and it often takes coordinating with your financial advisor, your legal advisor/attorney and your accountant to ensure that your financial legacy passes properly to the next generation. Because IRA...
