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beneficiaries – XtremeCuztoms

Tag: beneficiaries

How to Use Cost-Effective Strategies to Leave Your Assets to Your Beneficiaries

After accumulating many assets over the years, you want a way to pass them on to your beneficiaries and do it as cost-effectively as possible. Many cost-effective strategies are available to pass an estate and assets to your loved ones. Establish a Trust One of the best ways to do it, which is expensive, is…


Impact of the SECURE Act on Beneficiaries

By Elliot Raphaelson From Tribune Content Agency IRA (Individual Retirement Account) expert Ed Slott (IRAhelp.com) recently summarized in a recent newsletter the significant impact the SECURE Act of 2019 had on IRA beneficiaries. In this column I will discuss some of the major changes. The first thing to understand about the changes wrought by the SECURE Act is…


Will Your Kids Inherit a Tax Bomb From You?

You can have good intentions with your estate to pass it on to your heirs. You are sure that they will enjoy the benefits of it and have informed them of it. It is possible, though, that if you have not prepared to get around inheritance taxes, they may not receive nearly as much as…


10 Tips For Choosing a Life Insurance Beneficiary

Choosing your beneficiaries, who are the people or entities who receive the benefits when you die, is arguably the most important part of owning life insurance. However, picking this recipient may not be as easy as you imagine. After all, state laws and policy rules can limit your options. Additionally, changing or correcting your beneficiary…


Providing For Your Loved Ones: Why a Will Is Not Enough

The most common way to pass your assets to your beneficiaries is to use a will. One reason why wills are a common estate planning tool is that they are easy to create.  You can even create a will online. Sometimes a will is all you need to get the job done.  However, sometimes a…


Passing Your Real Estate on Successfully: Avoiding Probate

When you want to leave a valuable asset behind for your beneficiaries, real estate makes an excellent gift. However, if you do not plan carefully, the property may have to go through probate court. Once it is in probate court, the court decides how to divide your estate and property. This means it may have…


Beneficiary Designation: Don’t Leave Your Loved Ones in the Cold

If you have life insurance policies, retirement accounts, or annuities, it’s your responsibility to designate a beneficiary. Naming a beneficiary ensures that your loved one or heir is taken care of in the manner you want. What Is a Beneficiary A will isn’t the only document that establishes who will receive your assets once you pass…