Kiplinger

Is Your Beneficiary Ready to Receive Money?

Losing a loved one is an emotional experience. It's not something we like to think about, but there are many things we can do to prepare for our family members' care. One way to make sure the next generation is cared for is to leave a financial legacy.

Consider, however, that not everyone will be mentally or emotionally prepared for the money you wish to leave them.

Consider Age

Children under 18 years old are not able to sign legal contracts. Minors can open a custodial checking

You're reading a preview, sign up to read more.

More from Kiplinger

Kiplinger6 min read
5 Top Semiconductor Stocks to Buy Now
Investors' focus has locked in on semiconductor stocks following news of a potential "phase one" trade deal between the U.S. and China. Many chipmakers do production work in China and/or distribute products to Chinese companies, so the industry has s
Kiplinger5 min read
This Isn't (or, at Least, Shouldn't Be) Your Father's Retirement Plan
It isn't a bad idea to talk to your parents or grandparents about retirement and what worked for them. You probably can learn something from their successes -- and their mistakes. But if you're thinking about following the exact retirement routine t
Kiplinger4 min read
Use the Right Tools to Build a Portfolio Made to Withstand Modern Worries
It's tough enough to tune out the noise from a 24/7 news cycle when every nugget seems to quickly make its way from a headline to a tweet to a meme to a skit on late-night TV. But add in what is now a global economy, and it's nearly impossible for i