Dealing with IRAs in Crisis Planning

October 2, 2021
Bill O’Leary, Esq.
Elder Care, Elder Law, Estate Planning, Medicaid, Medicaid Planning, Most Used

Dealing with IRAs in Crisis Planning By Dale M. Krause, J.D., LL.M. Veterans Benefits, Medicaid Planning Thank you to our guest blogger Dale M. Krause, J.D., LL.M., President and CEO of Krause Financial Services, for leading this conversation on dealing with IRAs in…

How Do I Manage a Will and Trust

How Do I Manage a Will and Trust A last will and testament is used to point out the beneficiaries and trustees and the legal professionals you want to be involved with your estate when you have passed, explains this…

How Do I Use a Charitable Remainder Trust with a Large IRA?

How Do I Use a Charitable Remainder Trust with a Large IRA? Since the mid-1970s, saving in a tax-deferred employer-sponsored retirement plan has been a great way to save for retirement, while also deferring current income tax. Many workers put…

Are Retirement Accounts Divided in a Divorce?

February 12, 2021
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning

Gray divorce issues include weaving through the complications of splitting pensions, 401(k)s and more before the process is complete.

What Happens If Trust Not Funded

January 29, 2021
Bill O’Leary, Esq.
Asset Protection, Elder Law, Estate Planning

Revocable trusts are a very popular and effective estate-planning tool. However, the trust will be ineffective, if you do not actually place your assets in the trust.

What Do I Need to Do to Calculate and Correct an Excess IRA Contribution?

December 24, 2020
Bill O’Leary, Esq.
Elder Care, Elder Law, Estate Planning, Probate and Estate/Trust Administration

IRAs are a great way to save for retirement, but what happens if you contribute to a Roth IRA and your income is too high? Or you contribute more than you're allowed to a Roth or traditional IRA?

What Happens If You Fail to Submit a Change of Beneficiary Form?

December 18, 2020
Bill O’Leary, Esq.
Elder Care, Elder Law, Estate Planning, Probate and Estate/Trust Administration

The financial institution is obligated to distribute the CD to the person or entities that otherwise would be entitled to receive it.

Stretch Out IRA Distributions, Even Without ‘Stretch’ IRA

November 25, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Law, Estate Planning

The SECURE Act killed the stretch IRA but instead of mourning, advisors can help clients make up the loss.

Does My Estate Plan Need an Audit?

November 4, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Life Insurance, Long-Term Care Planning, Power of Attorney, Probate and Estate/Trust Administration

Estate planning is the process of transferring the management of your assets, if and when you are unable to manage them yourself due to disability or death. Whether you have $100 or $100 million you should have an estate plan.

Protecting Inheritance from the Taxman

October 17, 2020
Bill O’Leary, Esq.
Asset Protection, Elder Care, Elder Law, Estate Planning, Life Insurance, Power of Attorney, Probate and Estate/Trust Administration

Received an inheritance of cash, investments, or property? Here are four ways that can help you keep it from being swallowed up by taxes.