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Posts Tagged ‘beneficiaries’
June 12th, 2010
(Money Manager) - A testamentary trust is one of the most common varieties of trusts. These trusts are activated by a person's will at the time of their death. Testamentary trusts are commonly used to provide benefits for a minor child or disabled child even if they are older, in the case of the death of both parents. Testamentary trusts can also be set up under certain circumstances for one's spouse as a way of providing benefits to them.
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Tags: beneficiaries, beneficiary, circumstances, disbursement, discretion, inconveniences, job, monetary control, money, parents, probate court, relatives, responsible manner, testamentary trust, testamentary trusts, time consuming task, trustee
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| Posted in Estate Planning |
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January 12th, 2010
(Tad Majerek) - Like most people, you’ve probably spent years building your retirement savings in an IRA by saving in a disciplined manner and investing to help it grow. If you’d like your children and grandchildren to benefit from your retirement savings, consider the benefits of a “stretch-out” IRA.
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Tags: 1 million, 45 years, beneficiaries, beneficiary designation, decades, grandchildren, heirs, income tax, ira assets, ira beneficiary, life expectancy, lifetime, minimum distribution requirements, required minimum distributions, retirement savings, roth ira, tax deferral, three ways, traditional ira, withdrawals
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| Posted in News and Opinion |
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September 15th, 2008
(Money Manager) - Some of us are planners and some of us are not. The phrase "make a plan" can make some us run for cover. At some point in our lives we will all need to make plans and provisions for our loved ones we will leave behind. Estate Planning is a critical tool to ensure our loved ones are taken care of once we are gone by making sure that our estate is disposed of in the manner we desire it to be.
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Tags: agency principal, avoiding probate, beneficiaries, beneficiary designations, critical tool, elements, family member, guardians, insurance, legal decisions, life insurance policies, maximum benefit, medical power of attorney, phrase, planners, power of attorney, probate court, provisions, relationship
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| Posted in Money Manager 101, Personal Finance |
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