(Money Manager) - Extended IRA Plans, which are sometimes referred to as multi-generational IRA plans, are designed for use by individuals who do not want to spend all of the money accumulated in their IRA plan, or those simply do not need to spend the money to cover their own needs. These plans are designed to allow a person to "pass down" an IRA account during their life expectancy to a designated beneficiary, known as the first generation beneficiary.

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(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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(Michael Schwartz) - I think it’s safe to say that most of us can’t imagine the pain and burden that is placed on a surviving spouse in the event of the untimely death of their mate. Not only do people not think that far in advance, but because it’s such an unpleasant thought, most people try to avoid addressing the issue at all cost – until, of course, it is forced upon them. But, imagine for a moment –what would happen if the death of your spouse ended a monthly income that you had come to depend upon?

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(Money Manager) - Coverdell Education Savings Accounts are a way to save money for college. Coverdell's provide special tax advantages not otherwise available through general savings. These accounts are governed by Section 530 of the Internal Revenue Code1 and are named for Senator Paul Coverdell, who sponsored the legislation that established these accounts in the tax code.

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(Money Manager) - Everybody needs insurance; auto, home, health and life. The problem is which kind of policy of each is best for a particular person's situation. You could always just call an agent and go along with whatever he recommends. That's the easy way and unfortunately maybe the most expensive way.

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