Trusts and Estates

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How to Inherit Wisely

Submitted by Kimberly Nguyen on Tuesday, September 22, 2015 - 12:00pm

Inheriting $1 million may sound like a blessing. But most people experience confusion, anger, sadness or some combination of the three, according to the Financial Planning Assoc. If you are a beneficiary grieving the loss of a loved one, here are some simple steps to make sure that the emotional toll does not end up a financial one, as well.

Your Estate Plan: New Laws

Submitted by Joseph A. Clark on Thursday, September 10, 2015 - 12:00pm

Figuring out how to pass assets on to heirs is an integral part of the estate planning process. But it’s not always easy to determine the wisest path, given the many options available as well as changing tax laws.

Bequeathing 401(k)s, IRAs

Submitted by Jason Lina on Thursday, August 27, 2015 - 12:00pm

Think your estate plan is good to go right after you die, setting your heirs up for life? Depends: Many assets in your plan, such as your 401(k) and individual retirement accounts, must designate beneficiaries for any inheritance. Rules for specifying such heirs can be tricky and here are 11 common mistakes.

Boomer Retirement Advice

Submitted by Eve Kaplan on Thursday, July 16, 2015 - 12:00pm

Ever see the 1970 classic movie Five Easy Pieces? If you were born between 1946 and 1964, this iconic piece of your pop entertainment past offers several metaphoric financial benefits worth your initial effort.

If you’re a boomer, you enjoy good news in that you’ll probably live longer and perhaps better that your parents and grandparents did. The bad news: You’ll live a longer and perhaps more expensive life, too.

You face decisions your parents or grandparents likely didn’t face before you.

Wills: The People Factor

Submitted by Ray Ferrara on Monday, August 17, 2015 - 12:00pm

Figuring out how to divide your estate is a very personal matter. How you allocate your assets among your heirs is very important on both a financial and an emotional level. This even affects items of sentimental value.

Signs of a Good Money Track

Submitted by Andrew Comstock on Wednesday, July 1, 2015 - 12:00pm

A solid financial plan can help reduce stress in your life, but how do can you tell when you’re sticking to a plan? Here are some signs of progress, from your physical comfort to your spending and savings habits.

New Retirement Landscape

Submitted by Ray Ferrara on Friday, June 19, 2015 - 9:00am

Retirement is not what it once was. Inheritance is no longer a sure thing to fund your golden years. Paying off a mortgage, once a rite of passage for retirees, makes less sense today. And forget the old saw that 65 is the right age to retire. Increasingly, people are shying away from a date certain.

3 Keys to Estate Planning

Submitted by Tom Bentley and Courtney Weber on Monday, June 15, 2015 - 3:00pm

Estate planning is one of those things you know you need to do but keep putting off. You’ll find this task easier by breaking it down into three essentials: organizing your financial information, communicating your plans and, of course, taking action.

6 Common Financial Pitfalls

Submitted by Heidi Clute on Tuesday, June 9, 2015 - 3:00pm

We all make mistakes, and through them, we learn. But when it comes to finances, it is best not to take the trial-and-error approach. Avoiding some of the following financial mistakes might save you a great deal of money and heartache.