Funerals and Life Insurance Proceeds
More and more often, estate beneficiaries are retaining their own attorneys to make sure that the executor properly administers the estate.
Ethan Huizenga July 13, 2020
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How Does a Constructive Trust Work?
Certain types of trusts, however, may only be used in very specific situations and a constructive trust is one of them.
Ethan Huizenga July 8, 2020
Should Medicare Continue Telehealth Access?
President Trump’s top Medicare official said Tuesday that expanded access to telemedicine should continue after the coronavirus pandemic recedes and that officials are examining ways to act without waiting for legislation from Congress.
Ethan Huizenga July 7, 2020
Can You Place a Life Insurance Policy in a Trust?
A trust is often only as good the trustee in charge of it. Read on, as we examine the important role of the trustee and discover how to make sure yours is acting correctly, especially with complex instruments like insurance.
Ethan Huizenga June 16, 2020
Do Beneficiaries of a Will Get Notified in Iowa?
In most instances, a will is required to go through probate to prove its validity. Investopedia’s recent article entitled “When the Beneficiaries of a Will Are Notified” explains that there are exceptions to the requirement for probate, if the assets of the diseased are below a set dollar amount. This dollar amount depends on state…
Ethan Huizenga June 13, 2020
The Family Trust: What You Must Know
A trust can be used to manage estate taxes, shelter assets from creditors and pass on wealth to future generations. A family trust is a specific type of trust that families can use to create a financial legacy for years to come. There are several benefits to creating one, although not every family necessarily needs one. If you’re curious about where this type of trust might fit into your family’s estate plan, here’s what you need to know.
Ethan Huizenga June 11, 2020
3 Estate Planning Strategies to Consider Now
External events that cause reflection are good reminders to update estate planning documents.
Ethan Huizenga June 8, 2020
How to Avoid Beneficiary Designation Problems
Most consumers are familiar with the beneficiary designation form they complete when opening an IRA or 401(k). The form designates who receives the asset, if the account owner dies. However, these forms can create confusion, unintended bequests and family turmoil, if not adequately monitored.
Ethan Huizenga June 5, 2020
Do You Need a Testamentary Trust?
Utilization of a testamentary trust for the surviving spouse is an excellent idea, whether the survivor is the husband or wife.
Ethan Huizenga May 28, 2020
Does Your Estate Plan Need a Will or a Trust?
One of the most fundamental choices you can make as you’re thinking about how to pass your assets on to heirs, is whether you hold assets in a revocable trust or more simply give them via a will. Both approaches have advantages, although trusts can provide significantly more benefits.
Ethan Huizenga May 19, 2020
