What is Long Term Care (LTC) and who should have it?
Many accounts, like retirement and investment accounts, allow you to designate the beneficiaries of the account upon your death. It’s a convenient way to distribute these accounts, and typically you make the selection when you open the account.
Working with an Independent Mary Kay Beauty Consultant like Stephanie Walden can save time and get the best quality products at a fraction of the cost for those trying to find the right beauty and skin care regime. But she doesn’t expect anyone to take her word for it.
Are you high school student wondering how you will one day pay for your college education? Or perhaps you are a parent who isn’t sure how to help their child get a college education?
Ever since the Clune family sailed from Ireland 100 years ago, they have passed down their family trade from generation to generation.
In recent months we’ve been focusing on intergenerational planning and estate planning. Life insurance can be an important part of such planning and can play a critical role in a successful financial strategy. It protects from financial loss in the untimely death of an income earner, caretaker, or even a business owner or key employee.
When it comes to estate planning, the most familiar document is the last will and testament. Most people have a basic understanding that a will allows you to appoint a personal representative (an executor) upon your death and directs that person to distribute your assets as you specify. Put another way, a will says who gets your stuff when you die—but until you die, it does nothing.
You spend a lot of time trying to make life easier for your family. You care for them and try to protect them from trouble and pain. You know that no one lives on this earth forever. You know how difficult it is to deal with the death of a loved one and don’t want your family members struggling to wrap up your affairs. You wish there was a way to look out for them after you are gone.
The best way to make sure assets go to the right people is to list them as beneficiaries. By law, the beneficiaries designated for an account or policy will receive the assets in that account or payable under that policy upon your death.