The choice of beneficiary for IRA, SEP, 401(k) or other retirement plans can have significant tax implications. Here are some of the rules and concerns when designating beneficiaries.
While most of the new tax law has to do with reducing the corporate tax rate from 35 percent to 21 percent, some provisions relate to individual taxpayers, including changes to the estate tax and 529 accounts.
If for any reason, you become unhappy with the person you have appointed to make decisions for you under a durable power of attorney, you may revoke the power of attorney at any time.
When creating an estate plan, an important decision is who to name as your fiduciary...
A power of attorney is a very important estate planning tool, but in fact there are several different kinds . . .
Proper execution of a legal instrument requires that the person signing have sufficient mental "capacity" to understand the implications of the document.
For most people, the durable power of attorney is the most important estate planning instrument available -- even more useful than a will.