Do You Have a Will?

February 8, 2019
Bill O’Leary, Esq.
Asset Protection, Estate Planning, Guardianship

Despite the importance of having a will, a recent survey from AARP found that two out of five Americans over the age of 45 do not have one.

Who Pays What Taxes on an Inherited IRA?

I'm the executor of my mother's estate. She has an IRA where the beneficiary is her estate. When I withdraw this IRA into her estate account, how will this money be taxed?

Am I Too Young to Start Thinking About Estate Planning?

After taking inventory of your possessions, including your home, vehicle, stocks, life insurance policies, etc., there are many steps you will need to take to protect these assets -- and yourself. There are many steps and documents that advisors will suggest you put into place immediately for your protection.

What Documents Do I Need When Someone Dies?

After someone dies, family members will need to locate all of the decedent's important papers.

Police Warn about Scammers Targeting Vulnerable Seniors

When a man claiming to be a Suffolk cop called Rosemarie O’Rourke and said her grandson was in big trouble, she'd been grieving the death of her husband two days earlier—an easy target for a scam artist.

How Does Having an Advance Directive Help Medical Treatment?

Advance directives come up frequently in conversations about health care decision-making, as people age. Their purpose is to provide written instructions for medical care, in instances where a patient is unable to communicate them herself.

Baby Boomers Will Leave Trillions of Dollars to Their Heirs

Because baby boomers will leave trillions of dollars to their heirs, they and their beneficiaries should learn about the financial consequences of this magnitude of wealth transfer.

How Do I Include Retirement Accounts in Estate Planning?

While most estate planning focuses on physical property, like your home, and liquid assets, such as investment accounts, retirement plans can actually make up a large portion of one’s estate. Due to the specific tax rules governing these assets at death, you must plan carefully to ensure these funds are integrated properly into your estate distribution plans and tax savings strategies.