How Do I Pick a Life Insurance Beneficiary?
June 26, 2022
Choosing a beneficiary can be very simple, yet very important in any account that requires it.
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Choosing a beneficiary can be very simple, yet very important in any account that requires it.
Many people want to sell their marital home after the death of a spouse and “downsize” to a smaller home, such as a condo or rental. This article discusses the tax implications of that move.
Your dad bequeathed you a generous sum of money on his passing. Those gifted and inherited assets, in many instances, will be considered ‘separate property,’ not marital property. That might mean that they might not be subject to division, if you divorce. However, perhaps you want to backstop that hoped for result to make the protection more likely to stick if your marriage doesn’t work out.
There are many options, but the best use of the money is different for each widow and her unique circumstances.
You may have heard the term “community property.” However, do you know exactly what it means or how it could affect you?
Who’s going to inherit on the death of one of the re-marrieds? Will this be the surviving spouse? If so, where will those inherited monies go on the second-to-die’s death?
A will allows you to distribute your worldly goods, select a guardian for minor children and name an executor to carry out your wishes.
My ex-husband passed away. However, I was named the beneficiary on his 401(k). Even though we are divorced, do I still have a right to it?
Major changes in your life—such as marriage, having a baby, moving out of state, or divorce—should prompt a revisit to your current will. It is important to revise your will at these times, in order to ensure your estate planning is up to date.
Although the Medicaid system may be a generally recognized public benefit, the intricacies of the program usually do not become relevant to individuals, until they face the need to use it.
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