Not as Much Time as You Think (Part 2)
In last week’s blog post I started to tell you about Mary’s call to our office. She reached out because her dad, who was in the hospital, wanted to make a change to his will to leave his home to Mary. It’s something he had told her
Not as Much Time as You Think (Part 1)
A part of what we do as elder law attorneys involves drafting the essential legal documents that will help clients set forth clearly their wishes and help family members assist them in accomplishing their goals. This usually includes a power of attorney, health care directive, last will and testament
Required Minimum Distributions – Part 2
In last week’s blog post I covered the basics of how required minimum distribution (RMD) rules work for IRAs and other tax deferred retirement accounts. To summarize you must take out a minimum amount from your account each year. That’s RMD and it starts in the year you turn
Required Minimum Distributions – Part 1
This week’s blog post topic is one I touched on briefly at the end of last year, required minimum distribution. It is something that applies to retirement or nonqualified accounts and comes up frequently with clients who sometimes misunderstand it. IRAs, 401ks and other retirement accounts are tax deferred