Choosing Retirement Account Beneficiaries Requires Some Thought

While the execution of wills requires formalities like witnesses and a notary, the reality is that most property passes to heirs through other, less formal means. Many bank and investments accounts, as well as real estate, have joint owners who take ownership automatically at the death of the primary owner. Other banks and investment companies offer payable on death accounts that permit owners to name …

learn about social securities online tools

With the aging population becoming increasingly tech-savvy, the Social Security Administration (SSA) has moved a lot of services online. From applying for Social Security benefits to replacing a card, the SSA has online tools to help. To access most of the online services, you need to create a my Social Security account. This account allows you to receive personalized estimates of future benefits based on …

Who Should I Name as an Executor, Trustee or Agent?

You can name anyone to serve as executor, trustee or as an agent. It could be a family member, friend, or a professional. Here are a few things to consider before naming someone as your fiduciary in an estate plan. Do you trust this person? Trust in the person is paramount. Your fiduciary must be someone who you trust to serve your best interests and …