What Is The Difference Between A Will And A Trust?
A Will and a Trust serve different purposes. Most people don`t have either one. A Will and a Trust are similar in the effect that both let you designate exactly how you want your assets and other …
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What Is An Estate Tax?
The Estate Tax is a tax on the value of your property transfered to your hiers upon your death. The federal government allows every person to give away, either through lifetime gifts or upon …
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What Is A Power Of Attorney?
A power of attorney is a document by which you appoint a person to act as your agent. An agent is one who has authorization to act for another person. The person who appoints the agent is the …
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When to Update Your Will
A will is an important estate planning document that describes how your property should be distributed after you pass away. Most people put a lot of thought into creating their will. They consider providing for their family, naming guardians for their children and supporting various charities, for example. They properly execute their wills and make sure that they are put in safe …
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What are the differences between annuities, IRAs, and 401(k) plans, and how do they fit into my estate plan?
Annuities, individual retirement accounts (IRAs) and 401(k) plans are all types of investments that can help you plan for retirement, as well as for the inheritance that you wish to leave your children. All of these investment options may provide tax-deferred growth and certain other tax advantages, depending on your situation. Furthermore, all of these options exclude your invested …
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