Downs Law Firm, P.C.
If the strategy is executed properly, an individual can disclaim interest in an inherited IRA and avoid any of the gift and income tax consequences associated with receiving the property.
Understanding the differences between Medicaid planning and estate planning is crucial for anyone looking to secure their financial future and ensure that their healthcare needs are met in their later years. While each serves distinct purposes, they are often interconnected, requiring careful coordination to achieve your overall planning objectives. Learn more about how you can protect your assets, ensure access to necessary care and leave a legacy for your loved ones.
At some point, you’ll want to share your estate plans with your loved ones—and the first step in this process may be to hold a family meeting.
If you don’t have a written plan in place, all sorts of things could snowball, starting with your heirs or caretakers not having log-in credentials to access your online accounts.
This Valentine’s Day, let’s bring back the warmth, the laughter, and the joy of simply being together. Here’s a playful and relaxed guide to making your Valentine’s appreciation memorable, meaningful, and magical.
With good planning, unmarried couples can receive many of the same legal protections as married couples when it comes to inheritance and taxes.
In the realm of estate planning, a common adage rings true: “Failing to plan is planning to fail.” As an experienced estate planning attorney, I’ve witnessed firsthand the turmoil and heartache that can ensue when individuals neglect the crucial step of…
Today’s Social Security beneficiaries may move in and out of the workforce before fully retiring. That may trigger a rule called the retirement earnings test, which can temporarily reduce benefits.
The loss of a loved one is a difficult time, often compounded by the necessity of addressing estate settlement and the liquidation of assets.
While a will is one of the most important estate planning documents you can have, there are things that a will won’t cover.
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