After accumulating many assets over the years, you want a way to pass them on to your beneficiaries and do it as cost-effectively as possible. Many cost-effective strategies are available to pass an estate and assets to your loved ones. Establish a Trust One of the best ways to do it, which is expensive, is…
How to Use Cost-Effective Strategies to Leave Your Assets to Your Beneficiaries
Impact of the SECURE Act on Beneficiaries
By Elliot Raphaelson From Tribune Content Agency IRA (Individual Retirement Account) expert Ed Slott (IRAhelp.com) recently summarized in a recent newsletter the significant impact the SECURE Act of 2019 had on IRA beneficiaries. In this column I will discuss some of the major changes. The first thing to understand about the changes wrought by the SECURE Act is…
Will Your Kids Inherit a Tax Bomb From You?
September 12, 2022
admin
beneficiariesBrightEstateestate planningheirsinheritance taxpersonal financetax exemptionWealth Management
0 Comment
You can have good intentions with your estate to pass it on to your heirs. You are sure that they will enjoy the benefits of it and have informed them of it. It is possible, though, that if you have not prepared to get around inheritance taxes, they may not receive nearly as much as…
10 Tips For Choosing a Life Insurance Beneficiary
Choosing your beneficiaries, who are the people or entities who receive the benefits when you die, is arguably the most important part of owning life insurance. However, picking this recipient may not be as easy as you imagine. After all, state laws and policy rules can limit your options. Additionally, changing or correcting your beneficiary…
Providing For Your Loved Ones: Why a Will Is Not Enough
The most common way to pass your assets to your beneficiaries is to use a will. One reason why wills are a common estate planning tool is that they are easy to create. You can even create a will online. Sometimes a will is all you need to get the job done. However, sometimes a…
Passing Your Real Estate on Successfully: Avoiding Probate
When you want to leave a valuable asset behind for your beneficiaries, real estate makes an excellent gift. However, if you do not plan carefully, the property may have to go through probate court. Once it is in probate court, the court decides how to divide your estate and property. This means it may have…
Beneficiary Designation: Don’t Leave Your Loved Ones in the Cold
June 25, 2022
admin
beneficiariesBrightdesignated beneficiariesinsurancepersonal financeretirementRetirement AccountsWealth Management
0 Comment
If you have life insurance policies, retirement accounts, or annuities, it’s your responsibility to designate a beneficiary. Naming a beneficiary ensures that your loved one or heir is taken care of in the manner you want. What Is a Beneficiary A will isn’t the only document that establishes who will receive your assets once you pass…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta