Business

Creating an estate plan with legal instruments like wills and trusts is the most thorough approach for designating successor owners for assets after someone passes away. However, less complex beneficiary options exist, too. Methods like joint accounts,...

Many individuals look for ways to gift assets before death as part of their estate plans. Understanding key aspects of federal gift tax rules, how gifts impact estate taxes and utilizing the unlimited marital deduction can help minimize tax liability. Annual...

Though you are technically allowed to name a minor child as beneficiary of your 401(k), IRA or other employment-sponsored retirement account, it’s never a good idea. Minor children cannot inherit the account until they reach the age of majority – which can be as old...

Without proper estate planning, beloved pets face uncertain fates if owners become incapacitated or die prematurely. Animals could end up abandoned in shelters or with insensitive caregivers who fail to adhere to owners’ wishes. Creating a comprehensive pet trust is...

A comprehensive estate plan can protect the things that matter most. For many, this means their property and their family. Including provisions for the care of your children in your estate plan is essential for peace of mind. But many parents struggle with including...