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What Is a Contingent Beneficiary?

Creating an estate plan involves selecting people to receive your money, property, or other items if you pass away. When making a will, you’ll work with an estate planner to designate those who will inherit from you. The persons (or entities, [...]

7 Things to Know About Living Wills

Confusing many people with its name, a living will does not pass assets and property to your heirs like a standard will and testament. Instead, it advises your doctors and family about the type of medical care you wish to [...]

Differences Between Nursing Home Care and Hospice Care

End-of-life decisions are never easy. One of the most important decisions you may make regarding health care as you age could be whether you need a nursing home or hospice care. To make the best choice for you and your [...]

Probate Process: A General Timeline

Probate is the legal process of formally recognizing a will after a person dies, naming or validating an executor to administer the estate, and distributing assets to intended beneficiaries. It also requires paying the decedent’s outstanding debts and federal and state taxes. [...]

What to Do With an Inherited IRA

Inheriting an IRA may seem like a good thing, but there can be tax consequences if you aren't careful. If you inherit an IRA, you should check with an attorney or financial advisor as soon as possible to find out [...]

Seven Ways to Distribute Your Personal Property Fairly

Unlike money, personal belongings usually can't be divided equally after their owner passes away.  For this reason, distributing possessions like furniture, jewelry, dishes, silverware, artwork, photographs, or clothing is often the most difficult challenge in settling an estate. It can [...]