It is not Wise to Leave your IRA to your Estate
When an estate is named beneficiary of an IRA, what is the method of distributing it to one individual in the most tax-effective way?
March 25, 2021
Preparing to meet with an Estate Planning Attorney
While most initial meetings with an estate planning attorney will result in some questions you likely have never considered, there are many ways in which you can prepare for a thoughtful and productive estate planning conference that will result in a better understanding of your goals and more efficient use of time with your attorney.
March 22, 2021
Update Your Estate Plan If You Move to a New State
While legally you may not need all-new estate planning documents if you move to a different state, you should have your documents reviewed by a local attorney in your new home.
March 18, 2021
Maximize Your Social Security Benefits
All you have to do is type ‘maximize Social Security’ into Google or any other search engine and you will get hundreds, if not thousands, of hits.
March 11, 2021
Avoid Naming a Trust as Beneficiary of Your IRA
It’s generally a bad idea to name a trust as beneficiary of your IRA.
March 10, 2021
Extend IRA distributions with a Charitable Remainder Trust
Charitable remainder trusts give you more options and more control on how your heirs inherit, now that the “stretch” IRA is a thing of the past.
March 1, 2021
Understanding the responsibilities of the conservator
When an individual cannot make important decisions for himself or herself, a judge appoints someone called the conservator or guardian to make decisions. The conservator has the legal backing of the court in all decisions, including finances, medical and personal care.
February 19, 2021
The Difference between Power of Attorney and Guardianship
The difference between power of attorney and guardianship is a common question asked by adult children. Both roles share a duty to provide care and oversight of medical care and health.
February 10, 2021
A Trust Must Be Funded to Work
If you don’t also fund it, unexpected things can happen and some of those things may not reflect the intent to the grantor.
February 9, 2021
Some Fundamental Responsibilities of an Executor
Usually when asked to be the executor of a family member’s estate, the person feels honored and trusted. It’s a big responsibility, since the executor will be tasked with carrying out a loved one’s final wishes.
February 2, 2021