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When someone dies, the difficult process by which financial institutions allow the deceased person’s funds to be released has long been cause for complaint. Financial institutions usually require executors to get a Grant of Probate before they can access money in a deceased person’s account. This is a legal document that confirms the executor has … Read more

Yes, probate fees can be paid from the estate assets before distributions to beneficiaries. The estate itself—not the personal representative or beneficiaries personally—is responsible for covering all legitimate probate expenses including court costs, attorney fees, and executor compensation. Understanding Probate Fees and Estate Payment When someone passes away their estate goes through probate—the court-supervised process … Read more

Bankrate is always editorially independent. While we adhere to strict , this post may contain references to products from our partners. Heres an explanation for . Our is to ensure everything we publish is objective, accurate and trustworthy. Bankrate logo. Founded in 1976, Bankrate has a long track record of helping people make smart financial … Read more

Have you ever wondered how your super compares with people your age? Use this guide from the Association of Superannuation Funds (ASFA) to see if your super is on track with the average account balance across your age group and gender. Ever wondered if your retirement nest egg is on track? You’re not alone As … Read more

How much do you need to save for retirement? Its one of the most common questions people have. And no wonder. There are so many imponderables: When will you retire? How much will you spend in retirement? And for how long?. Thats why we did extensive analysis to come up with age-based retirement savings factors … Read more

The Canada Pension Plan (CPP) enhancement, which was introduced on January 1, 2019, is designed to help increase retirement income for working Canadians and their families. The CPP is a mandatory pension plan financed by contributions from employees, employers and self-employed individuals. Almost all workers in Canada are covered by it, except those in Quebec, … Read more

The average retirement age in the U.S. is 62 — a figure that’s been rising since the 1990s. The products shown on this page are mostly or entirely from our advertising partners. They pay us when you click on one of their links and then do something on our site. However, this does not influence … Read more

Once you have made your will, you want to ensure a copy of your will gets to those people who will need it. Your will must be carried out after you die, which means that the instructions you gave for the distribution of your assets and final instructions must be followed. This raises the issue … Read more

Many companies offer the benefits of a pension scheme to their employees. They take a variety of forms but the main types are: Under these schemes, contributions are paid into a pension fund constituted and administered under irrevocable trust. The trustees invest or use the fund’s money in some other way that helps the fund … Read more