Do Surviving Spouses Have Rights to a 401(k) or an IRA?
Takeaways Whether a surviving spouse automatically inherits a retirement account depends on its legal structure. Employer plans like 401(k)s generally default to the spouse due to federal law. IRAs do not have this automatic protection; the account goes to the...
A New Peak: Older Adult Outdoor Activity Rates Climb
Takeaways Older adults are more physically active outdoors than ever before, with rates more than doubling in the past decade. Effective legal and financial planning for seniors with active lifestyles requires more than a traditional estate plan. Specialized documents...
Why and How to Change an Irrevocable Trust
Takeaways “Irrevocable” isn’t always final: While most trusts become “irrevocable” (unchangeable) after the creator (grantor) dies, this doesn’t mean they are totally untouchable. Why trusts may need fixing: Problems arise when laws change, family situations evolve...
A Creative Way to Craft Your Estate Planning Legacy
Takeaways Estate planning isn’t just for the ultra-rich; trusts are valuable tools for anyone looking to structure wealth transfer, protect assets, and minimize conflict, regardless of the inheritance size. Proactive communication is key. Families should discuss...