More support Open in new window Independent support Open in new window Estate administration Open in new window We want to support you at this time We're here to take care of the banking details so you can focus on what matters most. The quickest and easiest way to let us know about...
An estate sale is a quick way to make some money by offloading a loved one’s possessions. However, if the sale isn’t done properly, it can cause undue stress and financial complications. Understand what an estate sale is and how the process works.What
Estate junk removal is about cleaning and decluttering properties. This is often needed after someone dies, during downsizing, or when selling a place. Professionals in this field remove items from homes, garages, and other properties. They offer services like carpet and old furniture removal. Thi...
Buy-sell agreements: An entity buy-sell agreement is when a business owns life insurance on each co-owner of the company. If a death occurs, the company uses the life insurance proceeds to purchase the deceased’s interest from his or her estate. Split-dollar life insurance: This arrangement...
Another strategy an estate planner can take to minimize the estate’s tax liability after death is giving to charitable organizations while alive. The gifts reduce the financial size of the estate since they are excluded from the taxable estate, thus lowering the estate tax bill.14 ...
If someone dies without a will, yet they’ve provided their bank with the name of a designated beneficiary, the bank account passes to the named beneficiary. If someone dies without an account beneficiary or a will, it gets more complicated. In general, the executor of the estate handles ...
What to do with a bank account when someone dies Start estate planning for your bank accounts When a family member or loved one dies, the last thing most people want to do is navigate the process of settling the deceased’s financial affairs. ...
What Is Gross Estate? When someone dies, their gross estate encompasses all property, assets, and financial interests they held, including items like real estate, bank accounts, investments, and personal items. The gross estate is calculated based on the total monetary value of all of these item...
In many cases, a person dies without a will, or the will is declared invalid by a probate court. In such cases, distribution of the decedent's property proceeds under the state's intestate succession laws. If the decedent owned real estate, the estate must transfer title to the real estat...
A Single Premium Immediate Annuity (sometimes referred to as an "SPIA") may be the right annuity for you if you are looking for payments that begin right away and continue for the rest of your life or for a specified period of time. The annuity is purchased from an insurance company with...