Cashing out an inherited retirement account in a single year is one of the most expensive tax mistakes a beneficiary can make, and it happens constantly because the IRS withholding at the time of ...

You may not need to rewrite your will to change who inherits your assets. But whether you do depends on a key distinction ...

Key Points ・Beneficiary designations on retirement accounts, life insurance, and bank accounts are legally binding contracts ...

A $400,000 401(k) does not follow the will. It follows the beneficiary form. For a surprising number of account holders, ...

Most parties know the importance of saving original wills. They are executed with great formality, notarized, and regarded as the final work in distribution of property. What many, if not most, people ...

When it comes to financial planning, many people assume that once they’ve named beneficiaries on their accounts, they’re set ...

Some financial products like life insurance or tax-advantaged retirement accounts require you to name one or more beneficiaries. However, that's not the case with many assets. For instance, you can ...

Estate planning is a broad term that describes the process of directing what happens to you assets upon your death.

The simplest oversights can cause the biggest problems for heirs, especially those intended to inherit retirement accounts. Over the years, I’ve seen a number of court cases in which the logical ...

Beneficiary designations are often overlooked and neglected during the estate planning process. A client may execute a will or create a trust and simply assume that their retirement accounts will pass ...

Donating part or all of your remaining retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to our organization. How to make a ...