The New ”SECURE Act” Changes Rules on Retirement Savings

In December, 2019, the President signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act which took effect on January 1, 2020.  This law has made significant changes in some of the retirement account rules which previously existed. Some of the changes include delaying the date on which a person must begin […]

Read More

7 Tips for Helping Families with Special Needs

Families with children, grandchildren or other family members (such as parents) with special needs have unique planning requirements. There are numerous misconceptions in this area that can result in costly mistakes when planning for special needs beneficiaries.  Understanding the pitfalls associated with special needs planning is a must for all of us who assist families […]

Read More

Do I Need A Living Will, A Do Not Resuscitate Order, Or Both?

In our estate planning practice, we encourage our clients to make important advance decisions as to their own health care.  This involves “advance directives” such as designating a Health Care Surrogate (and back-up persons) to make health care decisions if you become incapacitated and can no longer make those decisions for yourself; and, preparing a […]

Read More

PARENTS NEED TRUSTS FOR MINORS

It is not unusual for someone to name their children, or a niece or nephew as beneficiaries, or contingent beneficiaries on their life insurance policies.  Sometimes an employer may offer group life insurance coverage and in haste, the employee names minor children as beneficiaries of that policy.  “I want them to have that money for […]

Read More