Melanie Cullen's Blog – August 2009 Archive (2)

Retirement Accounts

What happens to your retirement accounts when you die?

Despite the rough economy, you’ll probably leave money in your retirement accounts when you die. Here is a brief overview of what will happen to those accounts. Also, to ensure that your loved ones take possession in ways that maximize value, here are some tips for you to follow today.

Probate & Taxes

The money passes directly to the beneficiaries you have named on the account.… Continue

Added by Melanie Cullen on August 21, 2009 at 10:00am — No Comments

What Is Probate?

What is it—and why does it have such a bad reputation?

We’ve all heard of probate, and it seems we all know it’s “bad” and to be avoided. But what is it really? And, given your circumstances, should you make arrangements to avoid it? If so, how can you do that?

First, an overview of what it is.

What is probate?

Probate is a legal process for…