Preserve Your Wealth with Medicare Part D
The article provides a basic overview of Medicare Part D and why it is important from an estate planning perspective.
Open Communication Avoids Disputes
The article examines the need for clear and open communication with beneficiaries and fiduciaries. Study cites statistics indicating a higher incidence of disputes when beneficiaries are kept in the dark.
The Problems of Giving Everything Away
This article examines a case of a woman who titles everything in the name of the children. It examines why joint title and giving everything away may not be the best course of action.
What to Do after a Loved One Dies
Clients often have uncertainty regarding the process after death. The article looks at the typical roles, such as trustee and executor, and explains their duties. The article directs the reader to contact an estate planning / administration attorney. The article mentions a couple post-mortem steps such as gathering assets and cautions against retitling assets or making distributions until talking with the attorney.
Study Shows Most Americans Unprepared
This article examines the percentage of Americans with various basic estate planning documents and explains each document.
Calculating Your Required Minimum Distributions: Is Your Beneficiary Qualified?
People who own retirement assets, such as Traditional IRAs, are constantly being told to be aware of turning age 70 ½. This is the magic age in retirement planning, and is the time at which mandatory annual withdrawals, called Minimum Required Distributions ("MRDs") must be determined. This first MRD must be taken no later than April 1st of the year following the year in which you reach 70 ½ (also known as the Required Beginning Date ("RBD")).
