You Inherited a Retirement Account: Now What?

For decades, common financial planning wisdom has encouraged almost all American workers to maximize their contributions to qualified retirement accounts. Indeed, doing so can be a powerful way to reduce your current income tax liability, grow your savings exponentially tax-free, and, in most states, protect your savings from claims of creditors. And by and large, [...]

By |2021-01-22T15:14:41+00:00January 22nd, 2021|Estate Planning|Comments Off on You Inherited a Retirement Account: Now What?

Severing Joint Ownership of Property

One of the most common forms of property ownership in the United States is joint tenancy with rights of survivorship (JTWROS or joint tenancy). But what is joint tenancy? Joint tenancy is a legal right to property that provides the owner an undivided right to the enjoyment of the property. In other words, one joint [...]

By |2021-01-15T14:18:08+00:00January 15th, 2021|Estate Planning|Comments Off on Severing Joint Ownership of Property

My Loved One Has Died: As an Heir or Beneficiary, Do I Need an Attorney?

You just found out that your favorite aunt, Aunt Melba, has died. In the midst of your grief and sadness, you receive a notice from the attorney handling Aunt Melba's affairs stating that you are a beneficiary. Your best friend advises you to get an attorney. What should you do? Will Aunt Melba's attorney help [...]

By |2021-01-08T21:38:51+00:00January 8th, 2021|Estate Planning|Comments Off on My Loved One Has Died: As an Heir or Beneficiary, Do I Need an Attorney?
Go to Top