Clients often don’t understand what sort of property their will or trust controls. In other words, if I have an IRA and leave everything to my wife through my living trust, does the trust control where my IRA money goes? What about life insurance policies? My house if it is in joint title with my… Continue reading What do I need to know about Beneficiaries?
What is an A/B trust and do I still need one?
Quite a few years ago we used to have a much lower limit at which heirs and beneficiaries would pay estate taxes. It used to be less than one million dollars per individual (or per spouse for a married couple) and the rates were quite steep, in fact over the last decade rates have been… Continue reading What is an A/B trust and do I still need one?