Inherited IRAs Require Careful Handling
August 27, 2020
One wrong decision can lead to expensive consequences, and good luck trying to persuade the IRS to give you a do-over.
Downs Law Firm, P.C.
Trusts
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What Should I Know about Beneficiaries?
August 11, 2020
When you open a financial account, you’re often asked to name a beneficiary. Simply stated, a beneficiary is someone who is entitled to the benefits of the account on the death of the account holder. For example, if you’ve purchased life insurance, you name a beneficiary who receives the benefits of the policy when you pass away.
Handling Inherited Investments?
February 20, 2020
Receiving an inheritance can be a double-edged sword. On the one hand, it’s overwhelming, thanks to the intense emotions associated with losing a loved one combined with the confusion about what to do with the newly acquired assets. On the other, an inheritance can re-invigorate your finances and create new opportunities for you and your family.
Who Pays Your Credit Cards When You Die?
September 16, 2019
Unfortunately, credit card debts do not disappear when you die. Your estate, which includes everything you own–your car, home, bank accounts, investments, to name a few–settles your debts using these assets.
Can Liz Hurley’s Son Inherit Grandfather’s Trust Fortune?
August 29, 2019
Liz Hurley’s son Damian has won a legal fight against his grandfather who tried to cut him out of his inheritance.
How Should I Choose a Trustee?
July 18, 2019
Do not put off finalizing and signing your estate planning documents just because you have reached an impasse on who to name as trustee.
Do I have an Estate to Plan?
May 20, 2019
There’s a misperception that estate planning is only for the ultra-wealthy.
Select the Right Designated Beneficiary, Otherwise, Your Ex Will be Delighted
May 8, 2019
You may be surprised at how easy it is to make an expensive mistake with your beneficiary designations.
With Title to Real Estate, Some Common Mistakes
May 6, 2019
Unlike personal property, real property–such as real estate or automobiles–is titled to convey ownership.
Why a Probate Lawyer Sees Problems with Do-It-Yourself Wills
April 29, 2019
These documents could save money but can lay estate planning traps.
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