What Are Survivor Benefits?
The Social Security Administration provides survivor benefits to the children and spouses of deceased individuals who qualify.
If You Don’t Want an IRA Distribution, You Can Donate It to Charity
Not everyone needs their required minimum distributions from their retirement accounts to make ends meet. If you don’t need your distribution, one option is to donate it to charity and not pay taxes on it.
SECURE Act Changes to Retirement Plans
A spending bill signed into law by the President contains major changes to retirement plans. The bipartisan legislation is designed to provide more incentives to save for retirement, but it may require workers to rethink some of their planning.
Using a Roth IRA as an Estate Planning Tool
A Roth IRA does not have to be used as just a retirement plan; it can also be a way to transfer assets tax-free to the next generation.
Understanding the Tax Consequences of Inheriting a Roth IRA
Passing down a Roth IRA can seem like a good idea, but it doesn’t always make the most sense. Before converting a traditional IRA into a Roth IRA to benefit your heirs, you should consider the tax consequences.
What to Do With an Inherited IRA
Inheriting an IRA may seem like a good thing, but there can be tax consequences if you aren’t careful.
Make Sure Your Estate Plan and Other Essential Documents Are Safe from Disasters
It’s an unfortunate reality that with the increasing number of natural disasters across the country, including fires, floods, earthquakes, and hurricanes, the chance that you could lose your house and possessions has become more likely. In the event of such a calamity, it is important that your estate planning and other important documents are beyond…
Preserving the Family Vacation Home for Generations to Come
Summer is winding down and if you are one of the lucky ones, you got to spend some time at a family vacation home. How do you make sure your children and grandchildren can enjoy that second home as much as you did?
What Is a Directed Trust and What Are Its Benefits?
Directed trusts can be a useful estate planning tool, allowing you to place your family’s assets in a trust but benefit from the expertise of an advisor who knows more about the handling of certain trust functions than you may.