Category: Decedent’s Estate

How Long To Keep Tax Records and Other Documents

Join Jeff in cleaning out old filing cabinets where he will review what documents to keep and which to destroy.  (Click on screen below to play). Information and articles from our website are presented as a public service by the Stinson Law Firm, LLC. We help our clients protect their assets and access long-term care […]

read more

The End of the Stretch IRA: New Law Makes Big Changes to Retirement Plans

For those who have a significant amount of savings in retirement accounts, the amount those individuals can transfer to next the generation has been greatly reduced.  President Trump signed a spending bill on December 20, 2019 that made major changes to retirement plans. The new law is designed to provide more incentives to save for retirement, but […]

read more

When Inheriting Real Property, Consider Your Options

Inheriting real property from your parents is either a blessing or a burden — or a little bit of both. Figuring out what to do with the property can be overwhelming, so it is good to carefully think through all of your choices. There are three main options when you inherit real property: move in, […]

read more

Is My Inheritance Subject To Tax?

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 case. Estate Tax An estate tax is a […]

read more