On December 20, 2019, the “Setting Every Community Up for Retirement Enhancement” Act, otherwise known as the “SECURE Act” was signed into law. The SECURE Act brings changes to the tax treatment of Traditional IRAs and other types of qualified retirement accounts. These changes impact clients who are using retirement accounts to transfer wealth to […]
Estate Planning Council of Seattle February Meeting
On Wednesday, February 19, 2020, Attorneys Michael Longyear and Carla Calogero attended the Estate Planning Council of Seattle dinner at The Rainier Club in Seattle. At the dinner, Ashley Velategui of Bernstein’s Wealth Strategies Group gave an informative presentation on issues to consider on existing plans that include trusts funded by retirement accounts. Clients who […]
You’re A Widow. Now What?
Losing your spouse is devastating. It is important to reach out for professional advice on estate planning and financial management during this challenging time. Check out this article from the New York Times regarding estate planning and management after the loss of a spouse. Feel free to reach out to any of our Estate Planning […]
With Funeral Home Rules Due for an Update, There’s a Push for Online Prices
Check out this article from the New York Times regarding the concept of pricing for funeral homes being available for consumers online. Excerpt: “Shoppers routinely use the internet to compare prices, whether for appliances, cars or hotel rooms. But online pricing remains scant for funeral services, putting bereaved and vulnerable people at a financial disadvantage […]
Protecting Your Beneficiaries with an IRA Trust
IRAs and other retirement accounts can be some of the largest assets in an estate, often second only to a home. If you have an IRA, you can decide who receives your IRA after your death by filling out a beneficiary designation form naming beneficiaries—children, spouse, or any other person—for your IRA. After your death, […]
Is it Time to Update your Personal and Estate Planning Documents?
As the end of the year approaches, it is a good time to review your Personal and Estate Planning documents. Personal and Estate Planning documents are essential safeguards for you and your loved ones in case of incapacity or death. It is important to be prepared for unforeseen circumstances and events by having personal planning documents […]