Naming a Minor as Beneficiary?
You should not name a legal minor as a beneficiary. This applies to almost all legal documents, most notably wills and life insurance policies.
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You should not name a legal minor as a beneficiary. This applies to almost all legal documents, most notably wills and life insurance policies.
If a child you’ve added to your deed goes through a divorce, has tax issues, is sued by someone, or must declare bankruptcy, your house could be on the chopping block!
Grief technology, the use of images and voices after a person’s death, is already an existing thing, with Seance AI programs to communicate with grandchildren.
There is a popular misperception among many seniors that in order to protect their assets from creditors, including the cost of nursing home care, they should consider gifting their assets to their children.
One of the most significant changes Americans will soon see is the sunsetting of tax laws under the Tax Cuts and Jobs Act (TCJA) of 2017.
D-Day, June 6, 1944, was 79 years ago today. It was the pivotal invasion of Normandy, with heavy sacrifices of allied forces that lead to the defeat of Hilter and Nazi Germany. General Dwight D. Eisenhower, then supreme commander of Allied Expeditionary Forces in World War II gave the go-ahead for a massive invasion of Europe called Operation Overlord, encouraging his troop with the following Memo: Soldiers, Sailors, and Airmen of the Allied Expeditionary Force: You are about to embark upon the Great Crusade, toward which we have striven these many months. The eyes of the world are upon you. The hopes and prayers of liberty-loving people everywhere march with you. In company with our brave Allies and brothers-in-arms on other Fronts you will bring about the destruction of the German war machine, the elimination of Nazi tyranny over oppressed peoples of Europe, and security for ourselves in a free world. Your task will not be an easy one. Your enemy is well trained, well equipped, and battle-hardened. He will fight savagely. But this is the year 1944. Much has happened since the Nazi triumphs of 1940-41. The United Nations1 have inflicted upon the Germans great defeats, in open battle, man-to-man. Our air offensive has seriously reduced their strength in the air and their capacity to wage war on the ground. Our Home Fronts have given us an overwhelming superiority in weapons and munitions of war, and placed at our disposal great reserves of trained fighting men. The tide has turned. The free men of the world are marching together to victory. I have full confidence in your courage, devotion to duty, and skill in battle. We will accept nothing less than full victory. Good Luck! And let us all beseech the blessing of Almighty God upon this great and noble undertaking. See https://www.americanrhetoric.com/speeches/dwighteisenhowerorderofdday.htm We cannot forget that day, and the sacrifices of our servicemen who stormed the beaches. 36 years later, D-Day took on its own personal meaning for me. On June 6, 1980, I hit the beach in Delaware on the last day of my first year of law school. I then met my future wife, Margie Lazzati. Our summer fling continues. My privilege to have that later rendezvous with destiny is due somewhat to the supreme sacrifices made by many so that I could grow up free. Thank you. That personal legacy also brings D-Day so much closer for me. As a young man, I was fascinated by WWII history. However, D-Day seemed like ancient history. Looking back now, with the span of 39 years since I met my bride to be, it wasn’t so long ago. Each year I am blessed at least twice on this day. Am I the only one who senses historical events like D-Day are drawing closer to me as I age? History becomes personal when you have some of it yourself.
There are times when it makes sense to leave more to one child than another.
Data from sources like the U.S. Census Bureau shows in no uncertain terms that the U.S. population has grown older over the prior two decades.
Thursday brought one of the most dramatic courtroom moments so far in Aretha Franklin’s long-running estate saga, as a judge heard 20 minutes of newly uncovered voicemails left by the Detroit star shortly before her death.
Who you choose as the annuity beneficiary may impact how the annuity income is taxed if you pass away.