Saving your IRA for your heirs
Article Abstract:
Tax-paying individuals should name the beneficiary or beneficiaries of their individual retirement accounts as soon as possible to prevent the IRS from collecting more of their assets when they die instead of going to their heir or heirs. It is advised that the spouse be named beneficiary.
Publication Name: New Choices: Living Even Better After 50
Subject: Seniors
ISSN: 1085-1003
Year: 1999
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Do you need a living trust?
Article Abstract:
Issues concerning living trusts, legal entities which transfer a person's property to trustees during their lifetime for their benefit and, ultimately, that of their beneficiaries, are discussed. Setting up a living trust is expensive.
Publication Name: New Choices: Living Even Better After 50
Subject: Seniors
ISSN: 1085-1003
Year: 2000
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Why you need a power of attorney
Article Abstract:
The importance for adults of having a durable power of attorney is presented and described. This document allows someone to act on your behalf after your death or if you become incapable.
Publication Name: New Choices: Living Even Better After 50
Subject: Seniors
ISSN: 1085-1003
Year: 2000
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