by Madalyn Davis | Feb 18, 2020 | Estate Planning, Wills & Trust
The most frequent mistake I see in “do-it-yourself” Wills are clients who leave assets to children who are minors or under the age of 18. While parents want to leave their estates to their children and provide and care for them in the event they pass, naming your...
by Madalyn Davis | Feb 11, 2020 | Estate Planning, Wills & Trust
What is a Living Will, a Living Trust, a Last Will, and most importantly, is there a difference? If so, what is the difference? Some people refer to an Advance Directive as a living will. This kind of document allows you to name an agent to make medical decisions for...
by Susan Grissom | Jan 28, 2020 | Estate Planning
Our previous three blogs have focused on changes to retirement accounts resulting from the new SECURE Act; however, the changes were not limited to retirement accounts. Another change resulting from the SECURE Act is a reduction in the “Kiddie Tax” rate. The “Kiddie...
by Madalyn Davis | Jan 21, 2020 | Business, Estate Planning
Our two previous blogs have discussed the elimination of the stretch provisions for retirement accounts (see https://grissomlawfirm.com/secure-act-stretch-ira)and the use of accumulation trusts (see https://grissomlawfirm.com/secure-act-accumulation trust) in light of...
by Madalyn Davis | Jan 14, 2020 | Estate Planning, Wills & Trust
For some people, the SECURE Act will have little impact. For those who spend down their IRAs for their retirement, or who are leaving everything outright to their beneficiaries or making distributions at younger ages (under 40 generally, although this varies by each...
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...
