IRAs have become ubiquitous components of estate plans. The SECURE Act of 2019 altered the landscape for IRAs significantly. Just when advisors began to get comfortable with the new 10-year rule, the United States Treasury Department promulgated proposed Treasury Regulations early in 2022 adding additional complexity to that rule by requiring annual distributions for a non-EDB of a participant who died after their Required Beginning Date. Once again, the SECURE Act includes additional provisions with which every advisor should be familiar. Read on to learn more.
Estate Planning
Why Everyone 18 And Over Should Have An Advance Health Care Directive
In California, an Advance Health Care Directive (AHCD) protects your health care rights. You make your health care, end of life, organ donation, and even memorial/burial/cremation/spiritual decisions now so if something happens to you, your wishes will be followed by the person (agent) you choose.
[Read more…] about Why Everyone 18 And Over Should Have An Advance Health Care DirectiveParalysis by Analysis: Procrastinating Until It’s Too Late
Do you worry about what will happen to you and your family if you become incapacitated or when you pass away? Do you feel a weight on your shoulders, knowing you should probably have some kind of plan? Or do these thoughts keep you up at night — I don’t know what to do, how to do it, or even where to start?
We understand these concerns, and we can help you stop worrying once and for all.
[Read more…] about Paralysis by Analysis: Procrastinating Until It’s Too LateThe Importance of Having an Estate Plan
We all know that we should create an Estate Plan, yet so many of us procrastinate in undertaking such an important task. Creating an Estate Plan represents a simple, yet effective way to provide comfort and stability to your family upon your death by ensuring that your assets pass in the way that you want to whom you want. Unfortunately, so many encounter a tragedy or crisis before prioritizing their Estate Plan, sometimes it is too late. As headlines often remind us, even those with significant wealth are not immune to the perils of death without an Estate Plan. Read on to learn more.
What the $%^# is Estate Planning?
Estate Planning is an outdated phrase for what we do. It used to be something rich people did to avoid paying taxes and create generational wealth.
[Read more…] about What the $%^# is Estate Planning?
