One of the biggest myths and misconceptions of estate planning is that a will controls the disposition of all one’s assets at death. This is not the case. Failing to distinguish the difference between ...

Financial institutions and brokerage firms occasionally recommend that client accounts be structured as joint or beneficiary-designated accounts without full consideration of the impact on the ...

IF YOU HAVE an individual retirement account, do you recall filling out a beneficiary designation form? That’s the document that allows you to direct the IRA custodian to transfer your IRA to people ...

Q: I am divorced with two adult children. My daughter has no children, while my son is married and has two children. Upon my death, I want my accounts divided equally between my children. If my son ...

When it comes to handling retirement accounts after a divorce, there’s one tip I cannot stress enough: Check the beneficiary forms! Processing Content I see it time and time again. After a divorce, a ...

A grantee beneficiary is typically named in legal documents like a trust or a transfer-on-death deed. This designation allows the original asset owner (the grantor) to specify who will receive the ...