A designated IRA beneficiary can be any person or entity, but not all beneficiaries are designated beneficiaries. A designated beneficiary is a person, or group of people with a life expectancy who is ...

You cannot name a legal minor as a beneficiary. This applies to almost all legal documents, most notably wills and life insurance policies. The significant exception to this rule is trusts. You can ...

If you want to leave your individual retirement account (IRA) to your grandchildren, you should know that minors can’t inherit an IRA directly. Instead, a custodian should be appointed until the minor ...

Choosing an estate beneficiary can be tricky, especially with family tensions. Here’s how to decide fairly and keep disputes to a minimum.

One of the most confusing topics in the financial planning world is wills, trusts and beneficiaries. Everybody needs to do some basic estate planning.

In a prior article, I outlined key steps to take in creating an estate plan, including trusts and wills. Critical for both of these documents is the naming of beneficiaries. Below is a primer on ...

DALLAS — A will is one of those things that a lot of us put off as long as possible. All that paperwork, those details, the intimidating legalese, and thinking about dying –they’re all good reasons to ...

In a recent article in Financial Planning, retirement plan expert Ed Slott, reminded those who participate in company retirement plans to make sure they name beneficiaries. In the absence of a ...

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