When it comes to the tools you can use to plan your estate, you have several options. One such tool is the irrevocable trust. Of the five main types of trust you can use to organize your estate, an irrevocable trust is perhaps the least practical. When you create an...
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Month: August 2022
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How can you identify life insurance beneficiaries clearly?
Taking out a life insurance policy is one way to provide for your family in the event of your death. After you die, your beneficiaries will receive the benefits from your policy without the need to go through probate. However, as the Insurance Information Institute...
Can you place a condition on an inheritance?
As you write your will, you may have concerns about how your beneficiaries will use the assets they inherit. You might even have considered placing certain conditions on their inheritances. In California, it is generally legal to include a conditional bequest in your...