Financial Assets with Beneficiary Designations
Author : James L. Carey
Publisher :
Page : 8 pages
File Size : 36,9 MB
Release : 2008
Category : Beneficiaries
ISBN :
Author : James L. Carey
Publisher :
Page : 8 pages
File Size : 36,9 MB
Release : 2008
Category : Beneficiaries
ISBN :
Author : Julie A. Calligaro
Publisher : Demery Publishing
Page : 134 pages
File Size : 16,89 MB
Release : 1998
Category : Business & Economics
ISBN : 9781890117078
Complete with perforated checklists and inventories to tear out, "Arranging Your Financial and Legal Affairs" directs the reader to the common areas of concern including financial assets and debts; household cash flow, insurance matters including beneficiary designations; wills, trusts, and powers of attorney; and the need for appointing guardians for young children.
Author : Vickie Schumacher
Publisher : Schumacher Publishing
Page : 230 pages
File Size : 37,3 MB
Release : 1990
Category : Law
ISBN :
Written in clear, conversational English, this book can help anyone understand how a living trust avoids the complications, expenses, and delays of probate at times of incapacity and death.
Author : Stewart E. Sterk
Publisher :
Page : 73 pages
File Size : 21,61 MB
Release : 2014
Category :
ISBN :
Americans currently hold more than $9 trillion in retirement savings accounts. Those accounts, together with the family home, are the principal source of wealth for most working and retired Americans. But when a retirement account holder dies prior to exhausting retirement savings, what governs the distribution of the account? Most often, not the account holder's will or trust, but a one-page fill-in-the-blanks beneficiary designation form that the accountholder filled out, typically without advice of counsel, when she or he opened the account.When account holders fill out beneficiary designation forms, they are focused on starting a new job or beginning to save for retirement, not on estate planning. Yet the account holder's beneficiary designations often trump express provisions in a will, trust instrument, prenuptial agreement or divorce decree -- documents prepared with inheritance in mind. Moreover, the account holder may neglect to change the beneficiary designation to take account of changed life circumstances, causing his or her retirement assets to pass to a beneficiary he or she never would have chosen later in life. To make matters worse, although wills doctrine has developed a set of constructional rules to deal with changes of circumstance, those rules do not generally apply to beneficiary designation forms. The current legal framework often frustrates the intent of the account holder. This problem, which has already spawned a significant volume of litigation, will become exponentially worse over the coming decade, as more holders of substantial accounts reach the end of their life expectancy. Reform is critical. The financial intermediaries who currently draft beneficiary designation forms have little incentive to improve them because account holders and employers are unlikely to choose providers based on the quality of their forms. Federal and state legislation is necessary to ensure that these assets are distributed consistently with account holders' intentions.
Author : United States. Internal Revenue Service
Publisher :
Page : 284 pages
File Size : 15,97 MB
Release : 1990
Category : Individual retirement accounts
ISBN :
Author : Inge Natalie Hol
Publisher :
Page : 354 pages
File Size : 50,63 MB
Release : 2018-10-18
Category : Business & Economics
ISBN : 9788409051496
Finally gain control of your financial life with The 100 Steps to Financial Independence! Loaded with checklists, action steps and simple strategies and divided into 10 parts and 101 short chapters, learn all you need to know about expenses, debt, savings, income streams, retirement, investing and much more to achieve your financial dreams.
Author : American Bar Association. House of Delegates
Publisher : American Bar Association
Page : 216 pages
File Size : 42,63 MB
Release : 2007
Category : Law
ISBN : 9781590318737
The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
Author : Natalie B. Choate
Publisher :
Page : 472 pages
File Size : 46,6 MB
Release : 1996
Category : Estate planning
ISBN :
Author : Mary Randolph
Publisher : Nolo
Page : 228 pages
File Size : 10,4 MB
Release : 2024-04-15
Category : Law
ISBN : 1413331718
Want to save your family money and hassle? Read this book! Probate court proceedings after a death can drag out and cost tens of thousands of dollars in attorney and court fees—money that would otherwise have gone directly to your loved ones. This topselling guide shows you the most effective ways to skip the probate process: • name payable-on-death beneficiaries for financial accounts • own property jointly • leave real estate with transfer-on-death deeds • use a living trust • name the right beneficiaries for IRAs, 401(k)s, and other retirement plans, and • use probate shortcuts for small estates. Completely updated, this edition includes the latest state laws on probate avoidance methods, and covers all the estate-related impacts of the recent changes to federal rules on retirement distributions.
Author : Denis Clifford
Publisher : NOLO
Page : 0 pages
File Size : 41,9 MB
Release : 2011
Category : Estate planning
ISBN : 9781413316216
"Covers the basics of estate planning, including wills, trusts, and health care directives. It prepares readers to start planning their estate, with or without an attorney. The 6th edition is updated with the latest laws and tax information"--Provided by publisher.