An inherited IRA lets you keep retirement savings in a tax-advantaged account, but you’ll need to follow strict distribution rules to avoid paying taxes.
If you want an extra layer of security and peace of mind, you can create a revocable living trust. A trust would have helped ...
If your trust assets are not particularly valuable or complicated, a trusted friend may be a suitable trustee.
My sister just died and left me as the trustee for my 12-year-old nephew’s $100,000 inheritance. It’s a lot of responsibility — what do I do first?
When an adult inherits money, there is often freedom in how they can use it, unless specified otherwise through a will or ...