Understanding How Assets Are Distributed in a Will
Posted on September 1, 2020
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Category: Estate Planning
When creating an estate plan, the main decision is how your assets will be distributed after you pass away. Understanding “per stirpes” and “per capita” distribution is key to that decision. The terms “per stirpes” and “per capita” become important when your descendants include children and grandchildren. In a will, these terms are often written as “I leave my [fill in the blank] to my descendants, per stirpes (or per capita).” Per Stirpes Distributing your
Effective January 1st, 2020, a new law makes major changes to retirement plans. The new law is designed to provide more incentives to save for retirement, but it may require workers to rethink some of their planning. The Setting Every Community Up for Retirement Enhancement (SECURE) Act changes the law surrounding retirement plans in several ways: Stretch IRAS. The biggest change eliminates “stretch” IRAs. Under current law, if you name anyone other than a spouse
Olde Mistick Village Merchant Series: Estate Planning Documents Every Adult Should Know
Posted on June 30, 2020
Category: Press
https://www.youtube.com/watch?v=8rSy8rpJ0Xw
Law Office of Neal M. Bobruff: Death, taxes, probate and probate fees – What can you avoid?
Posted on June 30, 2020
Category: Press
https://www.youtube.com/watch?v=HUAcnAxYVtM
Why Not Just Use a Stationary Store or On-Line Power of Attorney Form?
Posted on June 29, 2020
Category: Power of Attorney
Why Not Just Use a Stationary Store or On-Line Power of Attorney Form? A durable power of attorney is one of the most important estate planning documents you can have. It allows you to appoint someone to act for you (your “agent” or “attorney-in-fact”) if you become incapacitated. Without a power of attorney, your loved ones would not be able to make decisions for you or manage your finances without asking the court to appoint