Totten trusts, or payable-on-death bank accounts, are an estate planning tool that allows you to transfer money to a chosen person upon your death. When you make a Totten trust,…
Estate planning can be complicated if you have a close family member or ex-spouse you have an estranged relationship with. Estrangement refers to a breakdown in a relationship, such as…
Required Minimum Distributions (RMDs) are the minimum amounts a retirement plan account owner must take out each year. RMDs begin when a person reaches either age 72, 70½ if they…
Special needs planning and estate planning can be difficult if you don’t have a professional to help out. Sometimes a parent or relative of a person with special needs will…
