Why It’s Important for Your Personal Representative to Have Access to Your Digital Assets

Tag Archives: estate planning tools

Why It’s Important for Your Personal Representative to Have Access to Your Digital Assets

Today’s estate plans must consider digital as well as physical assets. Digital assets include online bank accounts, email accounts, social media profiles, photo storage accounts, apps, blogs, web domains and any other digital file or account. It is imperative to provide your personal representative with access to these assets. Without such access, he or she […]

Should You Convert Your IRA to a Roth IRA?

In some circumstances, it makes sense for individuals to pay the taxes on their retirement savings early. A Roth IRA is funded with after-tax dollars, which means all qualified withdrawals can be made tax free. In addition, Roth IRAs do not have the required minimum distributions mandated by the Internal Revenue Service that other retirement […]

Would You Benefit from the Use of a Corporate Trustee?

There are some circumstances in which a person creating a trust opts to use a corporate trustee rather than an individual, such as a friend or family member. Below are a few examples of situations in which you might consider using a corporate trustee. You’re seeking to build wealth with professional assistance Many people have […]

Common Estate Planning Tools That Protect Your Wealth

No two estates are exactly the same, and so the approach you take with your estate planning efforts may depend on a number of factors. However, there are many elements common to nearly all estate plans. Your overall goal is to maintain control over your assets and property — and how you want them distributed […]

Learning the Basics on Trusts

When it comes time to begin making arrangements for your estate, you might find that there is a great deal of information to go through and understand. With so many types of estate planning tools available, each with its own relative benefits, you may be wondering what the best option is for you. Increasingly, Americans […]

Making a Will: Information to Consider

Knowing the types of information needed to get started on your will helps you move forward with this important task. An effective estate plan protects you and your family. A will is an important part of your plan. You can get a head start on your will by gathering information on the following topics to […]