
Should a Trust be a Beneficiary of My IRA?
It’s generally a bad idea to name a trust as beneficiary of your IRA.

It’s generally a bad idea to name a trust as beneficiary of your IRA.

I understand that most people don’t need a living trust because probate is simple in the state, but can having a living trust save you time or money?
Now that there is a Democratic majority in the Senate and the House of Representatives, estate and gift tax law changes are expected to occur in 2021 or 2022.

Every estate plan should have a power of attorney, in which you give one or more people authority to act as agents on your behalf when you aren’t able to.
Depending on your family situation and the value of your estate, forming a trust can be an important addition to your farm transition plan.
The difference between power of attorney and guardianship is a common question asked by adult children. Both roles share a duty to provide care and oversight of medical care and health.

Powers of attorney come in different forms, each suited for a specific purpose. They serve as useful tools in any estate-planning effort.

Early in 2021, you should communicate with your advisers and review several items about your 2020 planning, if that planning is to have any likelihood of succeeding.
The trust is a very useful and flexible tool for estate planning, yet it is probably the most underused estate management technique. A trust is an artificial entity, something like a corporation, created by a document or instrument.

A tiny home in retirement could be a more-affordable way to downsize and still be close to family.