Elder Law and Estate Planning Attorney
If you want to make a gift to family members but have exceeded the annual gifting limit, there is another way. Payments for a family member’s education or health care expenses are exempt from the gift tax. The annual gift Read More …
The rules around required minimum distributions from retirement accounts 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. Read More …
In previous posts, “Important Change Affects Special Needs Planning: Stretch IRAs Eliminated.” and “Time to Check-Up on your Estate Plan if it Includes IRAs” we have covered certain implications of the recent SECURE Act. In this post we cover the Read More …
Congress created the rules governing the minimum distribution of retirement plan funds to encourage saving for retirement and to allow retirement assets to build up tax-free during the plan owner’s working years. But lawmakers built in provisions so the money Read More …
