Thrift Savings Plans and TSP Beneficiary Forms
Thrift Savings Plans and their accompanying beneficiary forms can cause unintended pitfalls for our military and civil service families [Read More]
Tag: Beneficiary
Beneficiary designations and succession plannings is as or more important than other estate planning documents. Issues range from naming, the division of property, and delegating rights.
Beneficiary
EDB or Eligible Designated Beneficiary
There are 5 categories of an EDB or Eligible Designated Beneficiary. As described in Section 401(a)(9)(E)(ii) of the code, an EDB is: The Surviving Spouse [Read More]
Change an Estate Plan: A List of Good Reasons
Change to an estate in Minnesota is supported when the Settlor is of sound mind. Here are a few reasons why people are making changes to their estates in MN [Read More]
Your Half Sibling Might Inherit More Than You Bargained For
A Half sibling in Minnesota can inherit just as much as your full or whole blooded sibling. Surprising, right? For some, yes. For others, like [Read More]
10 Really Complicated Informal Probate Steps
There are ten (10) informal probate steps in Minnesota. Some folks need help from an estate attorney, while others do not. Nonetheless, lets quickly address [Read More]
I Have No Will Because I Can’t Make Up My Mind
Dying with no will makes sense for some, but does it really? Recently, I met with a person who didn’t want a will because they [Read More]
IRA Rollover Into a Trust Can Be a Huge Mistake
The rules for an IRA rollover change on an annual basis. Because an IRA cannot be owned by a trust outright, this post is about [Read More]
Can my Ex Spouse Really Inherit my Stuff?
Can an ex spouse inherit property from their former spouse after a divorce? In Minnesota, absolutely yes. Although there are laws like the Ex Souse [Read More]
Naming “To My Estate” as a Beneficiary is a Broken Plan
When a person says they want to leave everything “to my estate” [their estate], they are often surprised to find out that this is a [Read More]
Over My Dead Body: Pay Back Your Inheritance
What if you had to pay back your inheritance? Sounds crazy, right? Well, not so fast. Recently, I came across a personal representative who completed an [Read More]