by Madalyn Davis | Mar 10, 2020 | Estate Planning
What do you do with that Timeshare you bought years ago but almost never end up using? Selling a timeshare is not as easy as hiring a real estate agent and waiting for someone to put an offer to purchase it like a home. While we don’t assist in selling timeshare...
by Madalyn Davis | Mar 3, 2020 | Wills & Trust
Most people aren’t aware that a Will they wrote prior to a marriage or the birth of a child is likely revoked, at least in part, and no longer leaves their estate as their Will states. Let’s look at two scenarios, one the results of a marriage after writing a Will and...
by Susan Grissom | Feb 25, 2020 | Estate Planning, Wills & Trust
Have you wondered what your attorney means when they refer to a HEMS standard but you did not ask? Often a trust will contain language that limits a Trustee’s ability to give money to a beneficiary and contains the words “health, education, maintenance, and support,”...
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 | Feb 4, 2020 | Business, Corporate
Our last four blogs have focused on changes that affect individuals resulting from the new SECURE Act; however, the changes were not limited to individuals. There are a number of provisions focused on small business and designed to motivate small businesses to offer...
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...
