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I often hear people say they don’t need an estate plan because all of their assets are held jointly with their spouse or with one or more of their children.Although this seems to be a convenient way to own assets, re-titling accounts or making a child or spouse a joint owner might be the worst...
Until recently we didn’t worry too much about inherited IRA’s because they have always been protected from creditors, predators and some marital claims. That recently changed when the Supreme Court decided Clark v. Rameker, 573 U.S. ____ (June 2014). The court in that case held that funds in an inherited IRA are not considered “retirement...Read more
An important part of any thorough estate plan is the preparation of a Durable Power of Attorney. This document allows someone you designate to represent you and act on your behalf to deal with financial matters, including banking, investment, real estate, gifting and other financial transactions. It is important to have a Durable Power of Attorney...Read more