Is my inheritance subject to tax? For most of our clients, the answer to this question is generally “no.” However, it is helpful to know the potential forms of taxation when assets are transferred from the decedent to a beneficiary to better understand why this is...
The rules around required minimum distributions are confusing, and it’s easy to slip up. Fortunately, if you do make a mistake, there are steps you can take to fix the error and possibly avoid a stiff penalty. Required Minimum Distributions If you have a tax-deferred...
While it is preferable to conduct long-term care planning well in advance of needing care, if you haven’t planned ahead, there are some strategies available to avoid spending all your assets. So-called “half a loaf” approaches (we often call them...
Do I need more than a will? Many people believe that if they have a will, their estate planning is complete, but there is much more to a solid estate plan. A will typically does not cover all authority and instruction that is needed at your death. In addition, the...
Every year Medicare gives beneficiaries a window of opportunity to shop around and determine if their current Medicare plan is still the best one for them. During Medicare’s Open Enrollment Period, which runs from October 15 to December 7, beneficiaries can...
