What If Estate Is Beneficiary of an IRA?
It may sound like it makes sense, and it might be easier than picking a person (or two) to name, however there are some serious downsides to naming your estate as the beneficiary for your IRA.
Probate services refer to the legal services provided to individuals or families involved in the administration of a deceased person’s estate. These services typically involve the court-supervised process of distributing the deceased person’s assets and properties to their beneficiaries or heirs according to their will or state laws if there is no will. Probate services may include drafting and filing legal documents, representing clients in court, resolving disputes between beneficiaries, managing estate assets, and advising clients on tax implications and strategies for asset protection. The goal of probate services is to ensure that the estate is distributed in an orderly and fair manner while minimizing costs and maximizing the value of the estate for the beneficiaries. Probate services are often provided by lawyers, but may also be provided by other professionals such as estate planners or financial advisors.
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What’s the Latest with the Queen of Soul’s Estate?
Aretha Franklin’s long-standing $7.8 million debt to the Internal Revenue Service has been paid in full, her estate says in a new court filing.
Did COVID Spark More Estate Planning?
The pandemic has changed how many of us view our priorities. That includes whether to craft a will.
What If Your Spouse Refuses Estate Planning?
I’m looking for guidance on where to start with planning, in case something happens to me or my husband.
Can You Leave an IRA to a Beneficiary?
Maximize the impact of your legacy and make sure it supports the people and causes that are most important to you.
When Should I Hire an Estate Planning Attorney?
Here are four types of estate situations that could call for professional legal help.
What Should I Know about Guardianships?
Guardianships – also referred to as conservatorships – are drastic and invasive.
Who Should Be Your Executor?
An executor is the person whom you name to handle the settlement of your estate after you die, taking your estate through probate, a court-supervised process that winds up your affairs in the state where you were living at the time of your death.
What are the Advantages of a Business Trust?
Trusts could be an incredibly powerful tool to help business owners protect their business and reach their wealth goals.
What Is a TOD Beneficiary?
The primary advantage of naming TOD beneficiaries for your accounts is that it can make the inheritance process much simpler, faster and less expensive.
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