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Should a Trust Be Part of My Estate Plan?

What are the advantages of putting assets into a trust?

Posted on: April 16, 2021

What Paperwork Is Needed after Someone Dies?

While the tasks of dealing with an estate after someone passes may be simple administration, the work associated with it is often quite complicated.

Posted on: April 15, 2021

What Qualifies as a Qualified Charitable Distribution?

Qualified Charitable Distributions, which allow Individual Retirement Account holders in their 70s and older to divert some of their federally taxable required distributions to charity while reducing their federally taxable income, are back after a 2020 hiatus.

Posted on: April 14, 2021

Can I Revoke a Power of Attorney?

You don’t actually appoint someone power of attorney (POA). A POA is a document that you execute that allows someone to act on your behalf.

Posted on: April 13, 2021

How Do Special Needs Trusts Work?

Just as you have trust in a relationship, trusting your document and those with responsibilities in the trust are crucial to obtaining your objectives.

Posted on: April 12, 2021

Why Would I Need a Living Trust?

Have you made any plans to distribute your assets and take care of your family, when you die or become incapacitated?

Posted on: April 9, 2021

Remind Me Why I Need a Will

A will is a legal document that allows you to decide what happens with your estate after you passed away. Unfortunately, not all people consider creating one because they think that it’s complicated and just an extra expense.

Posted on: April 8, 2021

What’s Happening to the Estate Tax?

Under current rules, the federal estate tax won’t ever affect you, unless you’re quite wealthy. However, that could change rapidly, even if you are far from rich.

Posted on: April 7, 2021

Roth IRA has a 5-Year Rule

Established in 1997, the Roth individual retirement account has long been a favored option for retirement savings, due to its promise of tax-free withdrawals in retirement.

Posted on: April 6, 2021

Trusts can Work for ‘Regular’ People

When you hear the word trust fund, you might think of the uber-wealthy giving their kids a big chunk of cash on their 25th birthday. However, trust funds aren’t just for the rich.

Posted on: April 5, 2021