12 Different Times When You Should Update Your WillSome situations where you may need to change your will should be obvious to most people. But others just may surprise you.I can’t tell you how often I meet with clients who tell me they have been meaning to update their wills for years but never got …
Articles
A Step-by-Step Guide to Being an Estate Executor
A Step-by-Step Guide to Being an Estate ExecutorWhether you’re planning ahead for your own heirs or have been asked to serve as an executor of an estate for someone else, it pays to understand what the role requires.Whether you’re planning ahead for your own heirs or have been asked to serve as …
Now’s the Time for Estate Tax Planning
Now’s the Time for Estate Tax PlanningThere's a wealth of opportunity with IRS interest rates at an all-time low and the federal estate and gift tax exemption at an historic high.Two factors make this year an opportune time to consider succession and wealth planning. First, the federal estate and …
INHERITED IRAS AND THE 10-YEAR RULE: TODAY’S SLOTT REPORT MAILBAG
Inherited IRAS And The 10-Year Rule: Today's Slott Report MailbagQuestion:Hi there!I have a quick question, so I thought I’d reach out to you to get your take on this. This year, IRA RMD’s have been waived, even for inherited IRA’s. That said, if a non-spouse inherits an IRA this year – and the new …
Why You Need a Living Will
Why You Need a Living WillMaking medical decisions for a loved one is extremely difficult, but making end of life decisions for someone is legally impossible without proof of his or her wishes. In New York, nobody may make end of life decisions for another–such as to forgo life sustaining treatments …