It can be exciting to see your loved ones as you give them stocks, especially if the holdings have appreciated. However, choosing the method of giving has tax consequences that impact the recipient. Financial advisors can guide investors through giving, inheriting,...
Per stirpes and per capita are two common ways of distributing assets in a will or investment account. Financial advisors can guide investors through each method to help ensure their assets will be distributed as desired. Per Stirpes Per stirpes loosely translates to...
Estate planning is an integral component of financial planning, but according to LegalZoom, 60% of adults in the U.S. have not made any effort to start a will. Dying without an enforceable estate plan leaves your assets to the state government for distribution....
Estate planning is an integral part of financial planning for future generations. Having a will, trust, or neither will significantly affect how your loved ones handle your estate and how the government must intervene. Whether to have a will, trust, or both depends on...
Life insurance is unusual — it is the only type of insurance not solely based on risk but on the inevitable death of an individual. This uniqueness, however, is exactly what makes choosing the right policy more important. Life insurance aims to protect dependents and...
Financial trusts can help you plan for your future and provide for the ones you love. However, when you plan to invest in a trust, there will be many options to choose from. However, trusts typically come in two basic structures: revocable and irrevocable. Here we...
