Information accurate at the time first published. Laws subject to change.
While watching a movie or reading a book about wealthy individuals and their families, you may have come across terms such as “heir,” “descendant,” and “next of kin.” Though made-for-Hollywood storylines use these terms interchangeably, words describing familial...
Now more than ever, Americans are using a variety of tax-deferred accounts such as 401(k)s and IRAs to save for retirement. And while the laws are currently designed so that people must start withdrawing the money when they retire, it is not uncommon for many of these...
Your retirement account provides asset protection during your lifetime, but as soon as you pass that account on to a loved one, that protection evaporates. When your spouse, child, or other loved one inherits your retirement account, creditors have the power to seize...
According to a 2019 survey conducted by the Pew Research Center, 7% of surveyed adults were living with an unmarried partner, up from 3% in 1995.[1] However, despite more people entering into long-term committed relationships without getting married, many state and...
Conversations about death and dying are, let's face it, not the most fun thing to talk about. Who wants to be reminded of their inevitable demise? Broaching the subject with one's parents can be particularly difficult because in addition to the general morbidity of...