When you get a job with benefits, you may well be offered a 401(k) plan and/or life insurance. Even if you’re just getting started in your career, name beneficiaries who would receive these benefits upon your death. Then review and update them if you get married or have any other significant changes in your life […]

Question: I would like to leave $10,000 cash to a dear friend in the United Kingdom upon my death. Can this be done? If not, can I send her a cashier’s check in the near future? Response: You can do either—give her the money now or leave her the money in your will. If you […]

Question: I have a question about my mother’s two-family house. It’s amazing that she has survived the pandemic and will be turning 104 in September. She is in a nursing home and is covered by Medicaid. This house was gifted to me and my sister in the 1980s but my mom retained a life estate. […]