Is Estate Planning and Writing Will the Same Thing?
Many people think that estate planning and writing a will are the same. However, one is actually just part of the other.
Many people think that estate planning and writing a will are the same. However, one is actually just part of the other.
While it might seem too soon to think about this uncomfortable topic, it’s still something that needs to be carefully planned to make everyone’s life a little easier as they handle the grief of losing a loved one.
Before approaching the subject of the will, you need to consider that the loved one may be guarded and resistant to talk about it.
The important thing to acknowledge is that the emotions behind the reasons are not trivial, but are important and should not be dismissed or minimized.
I’m looking for guidance on where to start with planning, in case something happens to me or my husband.
Here are four types of estate situations that could call for professional legal help.
A spendthrift trust allows you to leave funds to a beneficiary without giving them full control over those funds.
The Setting Every Community Up for Retirement Enhancement (Secure) Act upended inherited IRAs for most non-spousal beneficiaries. The 10-year rule for withdrawing from inherited IRAs eliminated the ability to stretch inherited IRAs for these beneficiaries.
Of course, just because you have a living trust doesn’t mean you’re all set. Here are a few of the most common mistakes people make with their living trusts.
Most people don’t know the first thing about the Secure Act and yet it has great impact on their retirement planning.
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By Ethan Huizenga
Thursday, September 5, 2024
10:00 AM – 12:00 Noon