Estate Planning, Wills, Probate, and Transfer of Assets

Estate Planning, Wills, Probate, and Transfer of Assets

Wills and Intestacy A will allows the testator (the person creating the will) to specify: • Who receives property at the testator’s death. • Whether beneficiaries receive gifts outright or in trust. • Who will act as personal representative. • Who will be the guardian...
Individual Retirement Accounts : Traditional IRAs

Individual Retirement Accounts : Traditional IRAs

What is an IRA? An IRA is an individual retirement arrangement. It is a personal savings plan that gives you tax advantages for setting aside money for retirement. An IRA is referred to as a traditional IRA if it is not a Roth IRA or a SIMPLE IRA. Traditional IRAs...
Individual Retirement Accounts – Roth IRAs

Individual Retirement Accounts – Roth IRAs

What is a Roth IRA? A Roth IRA is an individual retirement arrangement. Itis a personal savings plan that gives you tax advantages for setting aside money for retirement. An account must be designated as a Roth IRA when opened. Roth IRA tax advantages and rules...
Financial Planning Guide

Financial Planning Guide

Personal Financial Planning Budgeting Steps to managing income and expenses include: • Be realistic when making a budget. • Identify monthly outflows as living expenses, savings, and discretionary. • Estimate low for income. • Estimate high for expenses. • Track every...