Naming a beneficiary Archives - Generations Law Group

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Consider Naming your Favorite Charity(ies) as Beneficiary of your IRA

Naming a charity as the beneficiary of your IRA can be one of the most tax‑efficient ways to support a cause you care about. It’s a simple change on a beneficiary form, but it can dramatically reduce taxes and increase what ultimately goes to your heirs and your favorite organizations. Why IRAs Are “Tax-Heavy” for...

Should You Name Your Trust as the Beneficiary of Your IRA?

Many people assume their trust should be the beneficiary of all assets, including IRAs. But retirement accounts are different, and naming a trust as your IRA beneficiary can sometimes create unexpected tax problems. The Main Tradeoff Naming individuals directly as IRA beneficiaries is often more tax efficient. Naming a trust can provide better protection and...

5 Signs Your Child May Need Additional Special Education Support

When your child has an IEP or 504 Plan, it’s meant to grow and change right along with them. As kids develop, their strengths, challenges, and learning needs evolve. If the supports in place no longer match what your child needs to thrive, it may be time to revisit the plan. Remember: every child has...

Prepaid Funeral Contracts vs. Burial Savings Accounts: What’s the Real Difference?

Planning ahead for end‑of‑life expenses isn’t exactly a fun weekend activity, but it is one of the most meaningful gifts you can leave your family. Two of the most common tools people consider are prepaid funeral contracts and burial savings accounts. They sound similar, but they work very differently — and choosing the right one...

The Document You Haven’t Written Yet: On the quiet risk of planning for death — but not for disability

Most people, if they think about end-of-life planning at all, picture a will. A formal document witnessed and notarized, that says who gets the house. They imagine a lawyer’s office, maybe a folder in a fireproof safe. What they rarely picture — and almost never plan for — is the long stretch of time that...

The Costly Mistakes Hidden Inside Every DIY Estate Plan

A homemade Will might feel like a sensible shortcut—but the errors left behind can take years, and thousands of dollars, to untangle. There is something deeply appealing about the idea of writing your own will. It seems straightforward—you know what you own, you know who you love, and plenty of websites will sell you a...

When There’s Not Enough Money: Understanding Insolvency in Probate

When someone passes away, their family may have to go through a court process called probate. This is when the court helps make sure the deceased person’s debts get paid and their belongings go to the right people. But what happens when the person who died didn’t have enough money or property to pay all...

PACE Applications and the Five-Year Lookback Period: What You Need to Know

A significant change in PACE program eligibility rules takes effect April 6. Families and caregivers should act promptly to understand how this policy shift may affect long-term care planning. Effective April 6, the five-year Medicaid lookback period will apply to all PACE program applications filed on or after that date. This represents a substantial change...

Wills, Trusts, and Estate Planning

Should You Name Your Trust as the Beneficiary of Your IRA?

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