Your Guide to Naming a Trust as an IRA Beneficiary - Werner

What to Know About Naming a Trust as an IRA Beneficiary

It is important to consider listing a trust as an IRA beneficiary when designating someone to receive the money in your IRA account after you pass away. The typical individual retirement account (IRA) is a tax-advantaged investment account that allows you to accumulate wealth without an income tax burden, typically as a (limited) portion of …

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A Comparison of a Living Will vs Advance Directive - Werner Law

Making Your Wishes Known: A Comparison of a Living Will vs Advance Directive

A living will and an advance directive are legal documents allowing individuals to specify their end-of-life care preferences. However, there are some key differences between a living will vs advance directive. Continue reading for analysis. Many aspects of American law champion the rights of an individual, especially personal freedoms – such as our base liberties …

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Self-Proving Affidavit vs Notarizing a Will A Comparison - Werner

Self-Proving Affidavit vs Notarizing a Will: A Detailed Comparison

Let’s say you’ve got your last will and testament all written out and finalized. Should anything happen to you tomorrow, you’ll be alright, right? Well, that depends. A last will and testament is only considered complete and legally binding once it meets certain requirements, such as having your signature and the signature of at least …

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Preliminary Change of Ownership Report and Estate Planning - Werner

Filing a Preliminary Change of Ownership Report in Estate Planning

Any property transfer in California may require filing a Preliminary Change of Ownership Report. For most people, this report is needed whenever real estate is transferred from one person to the next, even if only partially. An interest in real estate must be reported to the state for tax appraisal purposes. All 58 counties in …

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