While you may wish to give your children their inheritance before you die, you may be unaware of the risks associated with such a move. Make certain that you are knowledgeable of the consequences of gifting property to your children, including a house, land or stock. If you have more than one home, and would […]

While creating their estate plan, many people fail to update their beneficiary designations on financial products, including bank accounts, 401(k)s, and life insurance policies. Brian Madgett, a vice president at New York Life who heads the advanced planning group, states that for the majority of people, the beneficiary designation comprises their estate plan. Several Americans […]