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When Is Life Insurance Taxable to Beneficiaries?

When beneficiaries receive a payout from a life insurance policy, they typically don’t have to pay taxes. However, there are a few situations where a portion of the life insurance benefit is taxable to the beneficiary.

Posted on: February 10, 2023

Who Gets Graceland after Lisa Marie Presley‘s Death?

Lisa Marie Presley‘s surviving three children will reportedly inherit her Graceland estate.

Posted on: February 9, 2023

Why Everyone Needs an Estate Plan

Estate planning isn’t just for wealthy individuals with large assets; it’s essential for everyone.

Posted on: February 8, 2023

How to Protect Loved Ones from Being Disinherited

If your beneficiary designations are out of date and you die without updating those designations, your assets could go the wrong people–a former spouse, for example–no matter what your will says.

Posted on: February 7, 2023

Steps to Take for End-of-Life Planning

It isn’t just about wills and funerals—it is a reflection of your values, your goals for healthy aging, and the hopes and dreams you have for those you love.

Posted on: February 6, 2023

Why Change the Executor of Your Will?

While you may draft a will assuming that your choice of executor won’t change, there are different reasons why making a switch may be necessary.

Posted on: February 3, 2023

Is Handwritten Instruction in Bible Valid to Update a Will?

A state appeals court has ruled that a handwritten instruction in a Bible that included only the first name of the writer was a valid codicil that changed a will.

Posted on: February 2, 2023

What Happens When There Is No Will?

Creating a will should be the first step in a comprehensive estate planning process, since it allows you to make sure that your wishes are properly carried out after your death.

Posted on: February 1, 2023

Why You Need a Secondary Beneficiary

Naming secondary beneficiaries can help estate planners avoid the delay and costs of going through probate, as well as ensure that your wishes are carried out.

Posted on: January 31, 2023