A revocable living trust can be set up to receive royalty payments for mineral rights from property in Washington County, PA and surrounding areas.
When should you start collecting Social Security benefits? If you are approaching retirement age, you have most likely given much thought to the question of when you should begin receiving your Social Security retirement benefits. The strategy that is most advantageous for you depends on your particular needs and circumstances.
Social Security Death Benefits
Social Security death benefits will terminate upon death, and sometimes upon marriage or divorce. When you setup monthly benefits via direct deposit in a bank account, make sure you understand the rules and regulations that the bank will follow in specific circumstances. For example, what will the bank do in specific situations that involve the events which will terminate Social Security benefits? The Social Security rules determine what types of events cause the termination of benefits.
A living trust can avoid probate and ensure that your assets will pass to the beneficiaries you choose, and in the manner that you want.
A trust can be a fundamental part of planning for the future. Trusts can help people avoid probate, unnecessary taxes, put their wealth to use in exactly the way they wish, accumulate assets for retirement or their beneficiaries, and much more.
IRA Required Minimum Distribution
IRA account owners who attained age 70½ during 2018 must take a required minimum distribution (RMD) by April 1st of this year and every year thereafter.