Adviser alert: Getting your clients' 'ducks in a row' The Southern Moreover, it is extremely important that all of your clients properly plan their estate with a trust (to avoid probate) and financial and medical powers of attorney in order to...
When a person dies, the assets that are left behind become part of the decedent’s estate. The law requires those assets to pass through what is known as “probate” before they can be legally transferred to the intended beneficiaries or legal heirs. Whether you are involved in probate as an executor/personal representative or a beneficiary/heir, a basic understanding of the probate process in Missouri is essential. There are several objectives of the probate process, including:
Part-time work is the fastest-growing source of retirement income.
Other retirement income streams produced an average income of $31,742 for people age 65 and older in 2012, according to a recent AARP Public Policy Institute analysis of Census Bureau data. Here's how older Americans are paying their bills in retirement. (read more..)
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