by Christine | Jun 20, 2013 | Beneficiary Designation, Estate Law, LIfe Insurance |
Words to the wise: keep beneficiary forms up to date. To change a beneficiary — for example, if you get married or divorced or your spouse dies — make sure to file an amended form. Even if your state has a law designed to cover oversights (or procrastination), you...
by Christine | Jun 19, 2013 | Elder Law, Estate Law, Family Law, Family Transition |
"When they are having trouble understanding bills and writing checks it might be time to step in, slowly, at the ground level," Kolinsky said adding that if parents initiate a discussion, the ideal time would be when they are in their 70s and still healthy....
by Christine | Jun 4, 2013 | Estate Law, Estate Planning, Family Planning |
Unfortunately, estate planning can cause family feuds over inheritance, often leading to litigation that can become lengthy and costly with no clear winner. From our experience, family litigation occurs not from a lack of trying to solve the issue, but from a lack of...
by Christine | May 30, 2013 | Annuity, Elder Law, Estate Law, LIfe Insurance, Retirement |
"Often times these products are sold based on the moment in time," said Richard Coppa, managing director of Wealth Health, a financial advisory firm. "A couple of years ago, they were sold on guaranteed returns of 6 or 7 percent because people were so...
by Christine | May 28, 2013 | Estate Law, Estate Planning |
This post concerns potential estate tax saving from establishing a separate revocable trust for each spouse and dividing the marital estate between the two trusts. What is a "unified credit" and how does it affect your estate plans? Forbes recently shed some...
by Christine | May 23, 2013 | Estate Law, Individual Retirement Accounts (IRA), Inheritance, IRA Rollover |
John and Sue were both 75 years old last year. They both took their RMDs for the year. John died early in December. Sue was his beneficiary. She rolled his IRA into her own IRA in January. The question was – “What is Sue’s RMD for this year?" The different ways...
