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A digital executor manages your digital assets, such as social media accounts, online banking, and email accounts.

A court cannot make decisions on your behalf about what happens with your property, accounts, or guardianship

receiving child support within the Texas Family Code, a recent amendment to the law may increase the amount Basically, it was time to increase the cap to account for inflation and the increased cost of living Prior to Sept. 1, 2013 only $7,500 of that total amount was taken into consideration by the court when Now, with the new law in effect, an additional $1,050 is counted, which means the parent receiving the Whether you are paying or receiving, the amount will not change unless one party specifically requests

Also known as RUFADAA, the legislation established rules around digital account ownership. Federal data privacy laws generally forbid online account service providers from allowing access to the account by anyone besides the account holder. If you are eager to get into your spouse’s email account after they pass, for instance, you likely will are eager to make plans for your digital assets, spend time taking an inventory of all your online accounts

The donation counts as your RMD but won’t increase your adjusted gross income, according to Kiplinger If your IRA has check-writing privileges, you can write the check directly from your account to the charity

The QCD will count towards any required minimum distributions, or RMDs, that account holders must make distributions are a great way to meet RMD requirements while benefiting your favorite charity and excluding an amount

You want to be sure that all of them are properly titled and that they are accounted for in your estate

Work methodically through the accounts and property you want to be held in trust, filing the correct Financial and retirement accounts (stocks, bonds. etc). Artwork, jewelry, collectibles. Typical steps are: Open a new bank or brokerage account in the name of the trust. File change of ownership and beneficiary paperwork on financial accounts.

Make sure you have a diversified investment portfolio across all of your accounts. Risk Management.

you think of your estate, you would probably include your home, your personal assets, and your bank accounts

Nip this problem in the bud by setting up business accounts that keep your personal finances out of your

Pay-on-death (POD) accounts. You can complete a form on your retirement or regular bank account designating the beneficiary who inherits the account.