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The relationship between estate planning and pensions continues to be bewilder many of us who attempt to provide for our loved ones’ futures. Rest assured that you’re not the only one who may not understand that relationship as pension plans, and the rules that accompany them, differ from state to state and may contain age, date of death and survivorship restrictions. This section provides information about how pensions are treated in the estate planning process and includes answers to some frequently asked questions.
I am 55 and want to retire next year. Can I receive my pension benefits then or do I have to wait until I am 65?
It depends on the provisions in your plan. If your plan is a defined benefit plan, you may not be able to start receiving benefits until age 65. If you ...
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