It is generally not advisable to withdraw funds early from your 401(k) due to significant penalties for doing so. If you take funds out of your 401(k) before you reach the age of 59 ½ you will be subject to a 10% penalty levied by the Internal Revenue Service (IRS)....
Whenever a person dies, his or her estate, is required to undergo the probate process. This is the procedure of accounting for the decedent’s assets. In addition, the probate process will use the estate’s assets to pay off any debts and tax bills owed by the decedent....
There are many ways to create an effective estate plan. Finding the best estate planning strategy that conforms to your specific circumstances and objectives is essential. Most estate plans will use either a trust or a will to accomplish this. If you are looking to go...
There are many things you may need to learn if you are looking to start creating an effective estate plan. This will include aspects related to how to distribute your assets once you have passed away. You will also need to choose your preferred beneficiaries to your...
Many people neglect considering life insurance as a part of their estate plan. Although each estate plan should be tailored to your specific circumstances, everybody should at least take life insurance into consideration. Obtaining life insurance can make things...