February 11, 2020 |
Update Your Estate Plan to Match SECURE
A few impacts emerge from the Secure Act or the Setting Every Community Up for Retirement Enhancement; one of the biggest challenges associated with carrying ...
Learn MoreUpdate Your Estate Plan to Match SECURE
A few impacts emerge from the Secure Act or the Setting Every Community Up for Retirement Enhancement; one of the biggest challenges associated with carrying on your estate plan following the implementation of the secure act is that this law eliminated a very popularly used estate tax strategy that previously applied to IRAs.
If a person who is not of age to take required minimum distributions from the IRA, inherit such an account, they could stretch withdrawals from their account over their lifetime, which was a popular strategy.
However, the elimination of this technique could force tax-deferred assets to be withdrawn sooner than anticipated, which could have big impacts on estate planning for those who had a lot of assets inside their retirement plan. This is just one reason why it is important to consider secure retirement and estate planning guided by the support of a knowledgeable attorney.
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Blog
February 10, 2020 |
What You Should Know About New Jersey’s Inheritance Laws
There is no longer an estate tax in New Jersey, but there is still an inheritance tax. This law has many different exemptions and complications, ...
Learn MoreFebruary 7, 2020 |
What Happens When You Fail at Market Timing?
The impact of missing just a few of the market’s best days can be profound, as this look at a hypothetical investment in the stocks ...
Learn MoreFebruary 5, 2020 |
How to Fit Your Stepkids Into Your Estate Plan
One of the most complicated facets of estate planning emerges when you’ve been married more than once or have children from a previous relationship. Naturally, ...
Learn MoreFebruary 4, 2020 |
Does an Executor of an Estate Have to Use an Attorney to Execute the Will?
When you are appointed as the executor of an estate, it is important to review the instructions from the person who created this document. When ...
Learn MoreFebruary 3, 2020 |
What Can You Learn from the Biggest Celebrity Estate Mistakes?
It seems like every few months another celebrity is covered in the news with an estate planning mess. With the recent passing of Kobe Bryant, ...
Learn MoreFebruary 1, 2020 |
Mind Your Business
What will happen to the family business when you’re not around? Simple, my children will take helm and run it JUST LIKE I DID! Are you ...
Learn MoreJanuary 31, 2020 |
What Happens If My Long-Term Care Policy Lapses?
If you were under the impression that Medicare will continue to provide for your long-term care needs, including payments to a nursing home, this could ...
Learn MoreJanuary 30, 2020 |
I’ve Avoided Probate, But Have I Missed Anything Else?
Avoiding probate has many different factors that could lead you to search out services and opportunities to avoid this process. However, it’s not the magic ...
Learn MoreJanuary 29, 2020 |
How Does a Payable on Death Bank Account Work?
There are many different ways that you can protect your interests and money and keep it outside of probate. In order to do this, it ...
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