Charitable giving comes in many forms. Some people make philanthropic achievements a lifetime goal, while others will make donations periodically throughout their life when they feel passionate about a particular cause. Another way that many people choose to give to...
Most IRA owners want the person they’ve named as IRA beneficiary to delay the payment of income taxes for as long as possible. For a vulnerable IRA beneficiary, there is a secondary goal of passing the IRA account in a way that protects the income tax deferral, but...
The SECURE Act, which was effective January 1, 2020, is the most impactful legislation affecting retirement accounts in decades. The SECURE Act has some positive changes: it increases the required beginning date (RBD) for required minimum distributions (RMDs) from...
You couldn’t be blamed for thinking a safe deposit box is the best place to store estate planning documents; after all, the name suggests that it’s a pretty safe place. However true, “safe” should not be your only criteria in determining where to store...
With the New Year in full swing, it’s time to get going on that long list of things you need to accomplish in 2020…including estate planning. Even if it isn’t at the top of your to-do list—or if it didn’t even make the list at all—estate planning is an important...
Married couples often believe they don’t need Wills because if one of them died, everything would simply pass to the survivor. Whether that happens depends on how the assets are titled or if there is a designated beneficiary. If there are assets titled just in the...
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