What are the biggest mistakes people make when managing their retirement accounts? This week on Decoding Retirement, Robert ...

Consider supplementing your traditional legal documents with this essential road map to guide your loved ones through the emotional and logistical details that will follow your loss.

The city solicitor’s office acknowledged that the deeds in question involve “no or nominal actual consideration,” yet insists ...

There are many types of families in modern society, and blended families are one of the most common. In this case, one or ...

Assets that are not part of the probate process include retirement accounts (like a 401 (k) or IRA), annuities, or life insurance. For many people, these assets constitute the bulk of their life ...

For retirement savers, adding a beneficiary to your 401(k) plan should be a top priority. A 401(k) plan beneficiary is the person or entity, such as a charity or trust, who inherits your 401(k ...

A 401 (k)’s beneficiary designation is a simple act, ensuring assets bypass probate and reach heirs swiftly. A will, too, could have clarified his father’s wishes, eliminating guesswork.

They also told me that the beneficiary or beneficiaries have to show up in person at a branch to claim the funds. How would I know if my sister left a gift to a friend or shirttail relative?

The most common asset types in which beneficiaries may be designated include life insurance, annuities, and retirement accounts, i.e. 401 (k), 403 (b), or IRA.

Beneficiary designations, including transfer on deaths (TOD) and payable on death (POD), specify who will receive the proceeds of your financial accounts, such as retirement plans, life insurance ...