What Needs to Happen after a Spouse Dies?

September 24, 2020

The list of things you need to do after someone dies can seem endless, especially during a time when you are also grieving.

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.

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.