Inheriting a business can provide financial opportunity and family legacy. However, it also comes with significant responsibilities and potential challenges.
To say that the world of inherited individual retirement accounts has gotten more complicated since the inception of the Secure Act on Jan. 1, 2020, is an understatement.
Although you can’t prevent every catastrophic scenario, you can better manage the consequences by figuring out what you want to happen if you become incapacitated or pass away.
The recent challenges faced by a Texas congresswoman with dementia have reignited discussions about cognitive testing and mandatory retirement for aging politicians.
Piecemeal estate planning, where wills, trusts, insurance policies and other instruments are created in isolation, often leads to conflicts and inefficiencies.
