Estate Planning

More in Estate Planning

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 account or nonqualified annuity. Your tax obligation depends on the type of plan. ...

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 be applicable. You can arrange your mutual fund to transfer automatically to ...

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 an estate to distribute the proceeds. In this case, the balance of the annuity ...

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 careful investment of assets and the duty to account for their decisions. ...

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 the employee. As an employee, you may be able to buy company stock to place in ...

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 deceased’s estate or the probate court may determine that you are to inherit the ...

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, because the grounds for challenge generally involve attacking the mental state ...

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 expenses, while others are savings vehicles with no specific goals other than making ...

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 an accurate accounting of the date-of-death value for each stock to the court. ...

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