A 529 plan, named after Section 529 of the Internal Revenue Code, is a tax-advantaged savings plan designed to encourage saving for future education costs. This plan is typically set up by parents, ...

For retirement savers, adding a beneficiary to your 401(k) plan should be a top priority. A 401(k) plan beneficiary is the person or entity, such as a charity or trust, who inherits your 401(k) after ...

As estate planning attorneys, we have had to answer that question many times. If the client has a tax-advantaged account, the answer may be “No!” What is a tax-advantaged account? A tax-advantaged ...

A beneficiary is a person or entity that you name to receive the proceeds of your financial assets when you die. A beneficiary can be a spouse, child, relative, friend, charity, trust or any other ...

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