When a person uses a will to leave property to their family, friends or the causes they support, the act is known as a bequest. A bequest can be the cash, investments, jewelry or other items that a person passes to beneficiaries when they die.
When beneficiaries receive a payout from a life insurance policy, they typically don’t have to pay taxes. However, there are a few situations where a portion of the life insurance benefit is taxable to the beneficiary.
Restful sleep is important to every human. If you’ve ever tended to a newborn or gotten up repeatedly in the night with caregiving duties, you know what a luxury a good night’s sleep is—and how tough it can be to achieve.