by Madalyn Davis | Jan 7, 2020 | Estate Planning, Wills & Trust
The SECURE Act (Setting Every Community Up For Retirement Enhancement Act) became effective January 1, 2020. What does this mean for YOU? Let’s focus on the biggest Estate Planning impact, the elimination of the Stretch IRA or other retirement plans. Previously, many...
by Madalyn Davis | Dec 17, 2019 | Estate Planning, Wills & Trust
Are you interested in creating a Trust and unsure who to name as your Trustee? Trying to decide who will manage your Trust, either for yourself upon your incapacity, or for your children, is a big task and can be overwhelming. For clients who cannot decide on an...
by Madalyn Davis | Dec 10, 2019 | Estate Planning, Wills & Trust
As long as you are living, your Revocable Living Trust does not have a separate tax identification number (TIN) or EIN and you do not need to file a separate trust tax return. The Internal Revenue Service (IRS) prefers that you use your own Social Security number. ...
by Madalyn Davis | Dec 3, 2019 | Estate Planning, Wills & Trust
After you purchase a new home, or if you re-title your home into a trust or have to file a new deed for any reason, you will likely receive a letter titled a “Recorded Deed Notice” that looks similar to the one below: The letter claims that you need to...
by Madalyn Davis | Nov 26, 2019 | Estate Planning, Wills & Trust
Our clients often inquire whether their trust owned accounts are insured by the FDIC. The FDIC is the Federal Deposit Insurance Corporation and ensures stability in the U.S. financial system by insuring deposits in bank accounts, trust accounts, and institutions in...
