Estate Planning

Do You Get the Money Back for a Probate Bond?
Do You Get the Money Back for a Probate Bond?

If you are the executor of an estate, you may have needed to take out a probate bond to protect the estate assets in case you absconded with them. Since you are an ethical, honest person, the money from the probate bond is refunded at the closing, except for nonrefundable bond ...

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More in Estate Planning

Are Retirement Investments Payable on Death?
Are Retirement Investments Payable on Death?

The beneficiary of a retirement plan can collect money and other property when the plan owner dies. You can inherit the retirement investments from a qualified employer plan, individual retirement ...Read More

How to Transfer Ownership of Mutual Funds Upon Your Death
How to Transfer Ownership of Mutual Funds Upon Your Death

Avoiding probate after your death is advisable for your heirs as it allows them to bypass the wait to access your assets that would occur in probate and some of the estate taxes that would otherwise ...Read More

How to Use Probate for Annuities With No Beneficiary
How to Use Probate for Annuities With No Beneficiary

Purchasing an annuity lets an investor avoid probate and leave a cash inheritance for the beneficiaries. However, if no beneficiaries are listed or if the beneficiaries are dead, you may have to open ...Read More

Running an Irrevocable Trust
Running an Irrevocable Trust

An irrevocable trust is a trust that can't be changed, except by a court order. The person who runs an irrevocable trust is known as a trustee. Trustees have many legal duties to the trust, including ...Read More

How Can You Make Withdrawals From ESOP Investments?
How Can You Make Withdrawals From ESOP Investments?

An employee stock ownership plan, commonly referred to as an ESOP, is a company-funded retirement plan for employees in which the company places shares of its stock into an account for the benefit of ...Read More

How to Sell a Stock Portfolio From a Decedent
How to Sell a Stock Portfolio From a Decedent

You can inherit a stock portfolio in a few different ways. You might be the named beneficiary of the deceased’s brokerage account or individual retirement account. Alternatively, the executor of the ...Read More

Can a Beneficiary Challenge a Revocable Trust?
Can a Beneficiary Challenge a Revocable Trust?

A beneficiary is someone who will receive a benefit from a trust, but despite the expectation of benefit, the beneficiary still has the right to challenge the validity of a revocable trust. However, ...Read More

Long-Term Investment Gifts for a Baby
Long-Term Investment Gifts for a Baby

Even people with modest incomes consider long-term investments when choosing baby gifts these days. Some types shelter income from taxes while setting aside money specifically for future college ...Read More

How to Value Stock for an Estate
How to Value Stock for an Estate

When someone dies, the stocks they owned become property of the estate unless they were placed in a trust. If an estate is opened, the executor, or appointed administrator, of the will must provide ...Read More

How to Create Wealth With Mutual Funds
How to Create Wealth With Mutual Funds

Many financial experts agree that the road to wealth through investments is a long one. Wealth accumulation is marked by regular contributions toward long-term holdings. Taking advantage of ...Read More

How to Redeem Stocks for Deceased Owners
How to Redeem Stocks for Deceased Owners

Unless you are the joint owner of the stock with right of survivorship or the stock was titled as "transfer on death" to you, you will need to be the executor or appointed representative of the the ...Read More

Savings Bonds and Transfers of Ownership Due to Death
Savings Bonds and Transfers of Ownership Due to Death

When the owner of a U.S. savings bond dies, the Treasury Department’s rules governing transfer of ownership come into play. The transfer process can vary depending on how the bond was registered when ...Read More

How to Sell Stocks of Deceased Relatives
How to Sell Stocks of Deceased Relatives

When a stockholder dies, his family must locate the shares of stock and find a way to liquidate them. The first step is to report the decedent's death to the broker holding his shares of stock. The ...Read More

Revocable Trust vs. Will in Nevada
Revocable Trust vs. Will in Nevada

A last will and testament is a document that sets out what you want done with your assets when you die. By contrast, a revocable trust gives away your assets to someone else during your lifetime, ...Read More