Posted on: March 28, 2023
The first SECURE Act extended the beginning date for taking required minimum distributions from the year after the account owner reaches age 70½ until they reach age 72. Just three years later, ‘SECURE Act 2.0’ has extended this age to 73, and offers a further provision for extending it again, to age 75, beginning in 2033.
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Posted on: March 27, 2023
Now Emma Heming is honoring the vows she made to Willis over a decade ago. A year after the family revealed to the public that Willis was suffering from ‘Aphasia,’ they have confirmed his diagnosis of Frontotemporal Dementia (FTD for short).
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Posted on: March 26, 2023
One-quarter of Americans said inflation has caused them to think about estate planning, the survey said. Two out of three Americans said they don’t have any kind of estate planning documents.
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Posted on: March 23, 2023
A badly in debt woman dies leaving the proceeds of substantial insurance policies to her children only to have her trust contested by relatives who claim an amendment naming the children as beneficiaries is invalid with no witnesses, misspelled names, suspicious signatures and was never given to previous trustees for review as required by agreement. A long, expensive, and protracted legal battle likely is brewing.
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Posted on: March 22, 2023
When it comes to your financial legacy, business owners and executives who accumulate a significant amount of their net worth in their company’s stock rely on the current tax law stating that the basis in assets left to heirs is “stepped up” at death, to the fair market value as of the date of death.
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Posted on: March 21, 2023
Questions to help prepare for aging in place.
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Posted on: March 20, 2023
Estate planning is crucial to leaving your beneficiaries with your possessions as you intend.
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Posted on: March 19, 2023
Beginning your retirement is a significant milestone that is worth celebrating. You have put in many years of hard work and can now focus your energy on the next phase of your life. However, before you begin this next chapter, you must ensure that you have thoroughly thought through this exciting change in your life. […]
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Posted on: March 16, 2023
If you have a residence you would like to pass onto loved ones after your death, and you’re worried about your home going into probate, you may want to put your home in a property trust.
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