A beneficiary is someone who receives a financial asset that was once owned by someone else. Choosing beneficiaries helps ...

known as a beneficiary. Once assets have been moved under the trust’s name, a trust account can be established at a bank or financial institution to hold the funds until it is time to disburse ...

A better option than naming your minor children directly as beneficiaries is to establish a trust account as the 401(k)'s beneficiary and your children as the beneficiaries of the trust.

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial ...

For example, the beneficiary, as the controlling trustee, could make all investment decisions. Investments such as a home or brokerage account would be held in the name of the trust and would be ...

I want to have a plan in place to make sure my daughter is taken care of if I die, so I'm making setting up a trust a ...

Your investment account’s transfer process after death depends on how you’ve set it up – from quick transfers with proper ...

Opinions expressed by Forbes Contributors are their own. Matthew F. Erskine is a trusts and estates attorney. The FDIC has issued final regulations that, as of April 1, 2024, will change how bank ...