IRA holders have two ways to “stall” adult children or other heirs from doing an immediate cash-out of the IRA when the surviving spouse dies.
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To Marry Or Not To Marry, But To Plan Accordingly Either Way / York, PA
Lawyers urge unmarried clients to draw up agreements specifying which partner is responsible for expenses and who will inherit assets. Many couples ignore the advice
To Protect Your Heirs From Themselves: Inherited IRAs And Trustee Guidance / York, PA
IRA holders have two ways to “stall” adult children or other heirs from doing an immediate cash-out of the IRA when the surviving spouse dies.
Estate Planning By Rules, Not A Checklist / York, PA
There are basic rules and guidelines that apply to every estate plan, whether it is taxable or not. Draft an effective plan by paying attention
Charity on “Spend-Down” Mode / York, PA
More philanthropists are choosing to donate all of their foundations’ assets within their lifetimes. Sometimes good things are built to last, and sometimes you decide
An Intermediary Care Service / York, PA
Caregiving is hard work and it is easy for caregivers to get burned out. Adult day care centers provide care and companionship in a group
Handing Down the Family Home: A Potentially Dangerous Gesture / York, PA
It may seem like a great idea: Parents, either because they want to help their kids out, or to reduce the taxable value of their
The IRS is Uneasy about Easement Valuations / York, PA
The big problem with facade easements is valuation. Knowing something is of value is one thing. However, being able to prove the value is something
Handing Down a Headache and Not a Home: Pitfalls of the Reverse Mortgage / York, PA
Similar scenes are being played out throughout an aging America, where the children of elderly borrowers are learning that their parents’ reverse mortgages are now
Long-Term Care Lapse Logistics / York, PA
In the meantime, cases like this demonstrate anew how vigilant families need to be. If your older relative has a long-term care policy, photocopy the
Medicare Rehab Requirements Relaxed? York, PA
What does this mean? Imagine you have a severe stroke. Before Jimmo, most people thought Medicare would pay for physical therapy only as long as
Estate Planning With A Life Estate / York, PA
Probate court is no one’s idea of fun, so it’s something you may want to spare your heirs when they inherit your home. One simple