by Susan Grissom | Sep 15, 2016 | Elder Care, Estate Planning, Wills & Trust
There is no hard and fast answer to your question of how long an Agent needs to keep financial documents. For tax purposes, people often recommend keeping seven years of records. For Medicaid purposes five years is enough, as you are doing. In terms of your siblings,...
by Susan Grissom | Sep 1, 2016 | Elder Care, Estate Planning, Wills & Trust
Passing down a Roth IRA can seem like a good idea, but it doesn’t always make the most sense. Before converting a traditional IRA into a Roth IRA to benefit your heirs, you should consider the tax consequences. Earnings in a traditional IRA generally are not...