If you have established a trust, you may be interested in naming a charity beneficiary. Understanding your options when it comes to creating a trust and distributing assets is essential. Fort...
http://finance.zacks.com/can-name-charity-beneficiary-revocable-trust-6285.html
Redemption rights are a powerful tool provided to some holders of preferred shares. Redemption rights allow preferred shareholders to exchange their shares for the designated "call price" dic...
http://finance.zacks.com/accounting-preferred-stock-redemption-rights-11624.html
If you give inheritance distributions before death, you can help your heirs avoid probate of your estate. You'll also be able to give tax-free gifts of $15,000 per person, per year, with a li...
http://finance.zacks.com/advantages-leaving-early-inheritance-1622.html
Although both the ACH debit and direct deposit work through the same ACH system, they themselves are not the same. An ACH debit will electronically remove funds from your account to pay a bill. A...
http://finance.zacks.com/ach-debit-vs-direct-deposit-2207.html
It's good practice to reconcile your bank statement at the end of each month. You'll be able to check that your records match the bank's records. Bank reconciliation allows you to spot accounting...
http://finance.zacks.com/advantages-bank-reconciliation-statements-1939.html
Your FICO credit score is not negatively affected by the notation "account closed by consumer." But the reason for closing the account may lead to a blemish on your credit report. For example, an...
http://finance.zacks.com/account-closed-consumer-negative-credit-report-1657.html
Benefits of irrevocable trusts include protecting your assets from lawsuits or judgments, reducing your tax liability and preventing your beneficiaries from mishandling your assets. Irrevocab...
http://finance.zacks.com/pros-cons-irrevocable-trust-1837.html
The advantages of an irrevocable trust are that it handles an estate's assets, offers asset protection from creditors and lawsuits and lowers your estate tax liability. As the grantor of an i...
http://finance.zacks.com/advantages-irrevocable-trust-2590.html
The NYSaves 529 plan allows you to receive tax incentives to save for you or someone else, like a relative, to attend college. You can set it up through New York state whether you live there ...
With daily compounding, interest is calculated on the account balance every single day, 365 days per year. With quarterly compounding, it is only added once every three months or four times a...
http://finance.zacks.com/difference-between-interest-compounding-daily-quarterly-1209.html
Joint bank account rules usually let either account holder do whatever they wish with a joint bank account, even if the other account holder put some or all of the funds into the account. Mak...
http://finance.zacks.com/joint-checking-account-laws-1651.html
If you have an FHA loan and you refinance, you'll be able to reap certain benefits, which include lowering your monthly mortgage payments, lowering your interest rate, shortening the term of ...
http://finance.zacks.com/happens-fha-loan-refinance-2234.html
A widow marriage can affect Social Security benefits, but it depends on the widow's age at the time of remarriage. In some cases, you'll be able to apply using your new spouse's Social Securi...
http://finance.zacks.com/spousal-social-security-death-benefits-remarriage-3664.html
The term money factor is a bit esoteric, but it's easy to convert to the type of interest rate number most people are more accustomed to dealing with. All it takes is multiplying the number b...
http://finance.zacks.com/convert-money-factor-interest-rate-2473.html
An unsecured loan does not require a borrower to provide collateral to secure a loan, and a lender cannot change it into a secured loan without your consent. However, if you don't pay and the...
http://finance.zacks.com/can-bank-credit-union-change-unsecured-loan-secured-loan-5390.html
You can open a joint checking account with anyone you like. While you do not have to be married to have a joint account, you should be careful when deciding to share an account with someone. ...
If you are applying for a FAFSA, you may not have to report all of the investment income you have accumulated or are contributing to. If you currently have a 401(k), you can exclude these fun...
While it is possible to trade in a leased car before the contract is technically up, you need to be aware of the consequences. Not only will you need to pay off the remaining balance for the ...
Your net worth refers to your total assets minus your total liabilities, meaning how much wealth you have left over after your debts. Assets include things you own like your home, car and gad...
http://finance.zacks.com/calculate-net-worth-based-present-assets-liabilities-9479.html
Short-term debt is usually due to be paid off within a year. This means that some long-term debts like car loans and home mortgages can become short-term debts in the last year of payoff. The...