SECURE 2.0: Changes for Retirement Plans and IRAs
The Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the “SECURE” Act, was enacted in 2019 and made significant changes to retirement plans and IRAs. ...
Estate Tax Updates for 2023
Happy New Year! With each new year comes adjustments to the existing estate tax exemptions that all practitioners and clients alike should be aware of. As inflation skyrocketed during 2022, ...
Overcoming Tech Challenges During a Pandemic |And How It Has Improved Our Efficiency
A letter to our clients and friends: It is hard to believe it has been over a year since we were all speculating whether the lockdown could last a full ...
Estate Planning Upon Divorce: What Happens When Your Former Spouse is Named in Your Documents
The process of going through a divorce or legal separation from one’s spouse can be time-consuming, expensive, and above all, emotionally draining. Because of this, many individuals enduring such a ...
Cryptocurrency: Decoding the Taxation Policies
Updated March 11, 2021 Cryptocurrency, now synonymous with virtual currency, has been in the news as of late due to increased retail investor interest, volatility, and overall mainstream visibility. In ...
Estate Planning During a Pandemic: What Should be Done?
Many, if not all, of us are practicing social distancing as we attempt to navigate through this pandemic. For most, that means working from home, and putting a majority of ...
Types of Charitable Planning and Their Tax Benefits
Charitable planning is gaining popularity not just for those with philanthropic desires, but also for those looking to take advantage of certain tax benefits that charitable planning may provide. The ...
Why Life Insurance Is So Valuable, And How It Can Improve Your Estate Plan
Life insurance is a valuable asset, as it provides an insured’s loved ones with cash in order to cope with the adverse financial consequences of the insured’s death. There are ...
Guardianships
A guardianship may not only be a useful tool in many situations, but for some it may be the only option. A guardianship is an arrangement where the court appoints ...
Lifetime Spousal Trusts: To Have and To Hold Your Marital Assets
Frequently, married couples have the desire to bequeath all of their assets to each other upon their passing. However, there may be reasons for spouses to instead transfer assets to ...