To say that the world of inherited individual retirement accounts has gotten more complicated since the inception of the Secure Act on Jan. 1, 2020, is an understatement.
Although you can’t prevent every catastrophic scenario, you can better manage the consequences by figuring out what you want to happen if you become incapacitated or pass away.
The recent challenges faced by a Texas congresswoman with dementia have reignited discussions about cognitive testing and mandatory retirement for aging politicians.
Piecemeal estate planning, where wills, trusts, insurance policies and other instruments are created in isolation, often leads to conflicts and inefficiencies.
The heartbreaking story of a retired therapist who lost nearly $600,000 to an elaborate scam underscores the need for asset protection strategies to safeguard seniors from increasingly sophisticated financial fraud schemes.
This is the perfect time to get an estate plan in place, or if you have one already, to make sure your plan is updated for changes in the law and that it reflects your current intentions.
