Beneficiaries are common designations in retirement accounts, wills, and trusts, so chances are you have one. A beneficiary is an individual (or legal entity) to receive the proceeds from a financial product or vehicle when the owner passes away. What…
Even in cases of inheritance, American families often treat stepchildren the same as biological children. This is particularly true where stepchildren are part of a blended family from an early age. Biological siblings may have different feelings about a stepchild…
When you lose a spouse or long-time partner, you have a hard time focusing on anything else but the loss you are grieving. However, it is crucial to understand there are important and timely decisions you need to make regarding…
About half of Americans have written a will, unfortunately, most of these people believe this means they don’t need an estate plan. Although this belief is untrue, it may be the leading reason why only 33% of US adults have…
Leaving your property to your heirs might seem like an easy task. Having your will or a trust, doing the deed of transfer on death for your real estate, adding your children to your bank account, and naming beneficiaries for…
A study of 2,400 Americans by Caring.com and YouGov has found a decrease from sixty percent to 44 percent in the percentage of Americans ages fifty-five and older who have written a will since 2019. In addition to this decline…