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Financial Planning

Why every gift giver needs to know about gift letters

Why every gift giver needs to know about gift letters

What is a gift letter? If you are planning on making a large financial gift, or you are receiving one, then gift letters are an important part of that process. A gift letter is a formal and legal piece of documentation that explicitly states that a friend or family...

What is a contingent beneficiary?

What is a contingent beneficiary?

A beneficiary is a person you designate in your will or trust to receive property from your estate when you pass away. You can designate specific beneficiaries to inherit any property and assets that you own, including real estate, heirlooms, investments and financial...