Downs Law Firm, P.C.
Important planning opportunities can be lost by moving retirement accounts too quickly after someone dies, as we can’t put accounts back once they have taken.
Divorce significantly impacts estate planning, requiring updates to wills, trusts and beneficiary designations to ensure that assets are distributed according to new intentions.
Learn from a teen’s loss of a $250K inheritance and discover how inheritance trusts can protect and guide your family’s future financial decisions.
Discover why updating your estate plan is crucial for securing your legacy. Don’t wait for a life event to make necessary changes.
If the strategy is executed properly, an individual can disclaim interest in an inherited IRA and avoid any of the gift and income tax consequences associated with receiving the property.
While a will is one of the most important estate planning documents you can have, there are things that a will won’t cover.
Navigating the often complex world of inherited individual retirement accounts (IRAs) can be daunting, especially in the wake of losing a loved one.
You should not name a legal minor as a beneficiary. This applies to almost all legal documents, most notably wills and life insurance policies.
Who you choose as the annuity beneficiary may impact how the annuity income is taxed if you pass away.
Naming secondary beneficiaries can help estate planners avoid the delay and costs of going through probate, as well as ensure that your wishes are carried out.
