Bella Mertz

Keywords: beneficiary, trust, estate planning, inheritance, distribution, assets, trustee, grantor Meta Description: This comprehensive guide explores how beneficiaries receive money from a trust, covering different distribution methods, tax implications, and practical tips. A trust is a legal instrument that allows individuals to manage and distribute their assets after their passing. Beneficiaries are the designated recipients … Read more

An employer-sponsored retirement plan can be supplemented, or used in place of, a tax-advantaged savings option like a Roth individual retirement account (Roth IRA). Qualified distributions from a Roth account are tax free, even though there is no deduction for Roth IRA contributions. Additionally, savers are able to take a tax-free withdrawal of their initial … Read more

A questioner asked, “Do Roth conversions create MAGI (modified adjusted gross income) for purposes of determining whether someone exceeds the MAGI thresholds to make an annual contribution to a Roth IRA?” during a recent Econome Encore presentation. It made me double take. I did a double take for several reasons. First, the presentation was early … Read more

No, it is not illegal to change beneficiaries on a life insurance policy. The policy owner has the right to change beneficiaries at any time, as long as they are of sound mind and body. However, there are some important things to keep in mind when changing beneficiaries: The original beneficiary must be notified of … Read more

Saving money for your retirement years can be done quite effectively with a Roth individual retirement account (IRA). Your investments can grow tax-free in this kind of retirement account, just like in its cousin the traditional IRA. Additionally, you can withdraw your contributions—but not your earnings—tax-free at any time. A Roth IRA may also permit … Read more

Your pension may be accessible to your surviving spouse, civil partner, or beneficiaries upon your passing. The conditions surrounding pension death benefits will change based on the kind of pension you have and your age at death. The death of a loved one can be a difficult time, and navigating financial matters during this period … Read more

The passing of a loved one can be a difficult time, and understanding the legal and financial implications of their estate can add to the stress. One question that often arises is who gets a copy of the will after someone dies, specifically, do beneficiaries get a copy of the will? This article will delve … Read more

My response to your message was blocked for potentially violating safety policies. I apologize for any inconvenience. Please turn on JavaScript in your browser It appears your web browser is not using JavaScript. Without it, some pages wont work properly. Please check that JavaScript is enabled in your browser’s settings. Your feedback is important to … Read more

Edward A. Haman writes for a living and has authored multiple self-help legal books. He has practiced law in H. Probate avoidance can save costs, expedite the distribution of assets to beneficiaries, and protect privacy for families. While some strategies for avoiding probate are quite straightforward, others might call for the help of an experienced … Read more

My response to your message was blocked for potentially violating safety policies. I apologize for any inconvenience. It’s not about money, it’s about income When figuring out your retirement “number,” it’s crucial to remember that it’s not just about choosing how much money to save. For instance, having a $1 million nest egg is the … Read more