Beneficiaries Archives

What Can I Do Instead of a Stretch IRA?

March 31, 2022

Leaving behind a huge tax bill for your heirs with the stretch IRA scuttled? Here are some ways around it as lawmakers consider an updated SECURE Act.

Do I Need an Attorney for Probate?

March 10, 2022

A competent elder law or estate attorney can keep the estate process on track, and knows of provisions like family allowances, benefits to prepaying inheritance tax, even where the tax return is not yet complete and a listing of itemized deductions.

How Do You Estate Plan for a Blended Family?

January 5, 2022

Good estate planning must consider more than what you want to happen to your property and for your beneficiaries. It also must consider what you intentionally want to avoid happening.

Do a Married Couple without Children Need a Will?

September 7, 2021

In fact, many couples with no children mistakenly believe that they are less likely to need a last will and testament than couples with children.

Trusts Work for Regular Folks

April 14, 2021

When you hear the word trust fund, you might think of wealthy kids a big chunk of cash on their 25th birthday. However, trust funds aren’t just for the rich. They are flexible tools to protect your loved ones.

Estate Planning Doesn’t Stop When You Retire

November 5, 2020

Building enough wealth to sustain yourself in retirement is a monumental achievement. However, financial planning doesn’t end when you no longer rely on a paycheck.

Inherited IRAs Require Careful Handling

August 27, 2020

One wrong decision can lead to expensive consequences, and good luck trying to persuade the IRS to give you a do-over.

Differences Between Probate and Trust Administration

July 30, 2020

Probate and trust administration are not the same. There are important differences and similarities between administering a decedent’s probate estate and administering a decedent’s trust estate.

When Names Change, You Should Update Estate Planning Documents?

November 20, 2019

The fact is people’s names often change. People get married and divorced, or sometimes they just legally change their names.

So, You Need to Serve in Power of Attorney – Now What?

October 1, 2019

I have appointed my oldest son as agent using a durable power of attorney form I got on the Internet. I want to be sure he understands his responsibilities if he has to manage my money and pay my bills when I become ill.

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Beneficiaries