2020 Brings Dramatic Changes to Pay-out Requirements for Inherited IRAs and Retirement Plans

By Margaret Menicucci, Attorney & Counselor The pay-out requirements for people inheriting Individual Retirement Accounts (IRAs) and other retirement plans have changed dramatically. Legislation passed in late December of 2019, called the Setting Every Community Up for Retirement Act (the … Continue reading

The Importance of a Complete Will

By Margaret Menicucci, Attorney & Counselor I have never met a client who says they want their Will to distribute only a part of their estate, and then they want the family to figure out the rest through four years … Continue reading

Settling Into a New Estate Tax Environment

Settling Into a New Estate Tax Environment By Margaret Menicucci, Attorney & Counselor In my November 2nd blog, I reflected on the status of gift and estate taxation with the tax reform act looming in the background. The Tax Cuts … Continue reading

‘Tis the Season to Start Talking

‘Tis the Season to Start Talking By Margaret Menicucci, Attorney & Counselor My father passed away in 2010, after a long and meaningful life. Visits to my parents’ home were periodic because I live in a different state. In the … Continue reading

Federal Estate Tax Clarity Under New Reform

Federal Estate Tax Clarity Under New Reform By Margaret Menicucci, Attorney & Counselor You need a crystal ball to know how future tax reform will change current estate tax exemptions and rates. But, you don’t need a crystal ball to … Continue reading

NO MORE EXCUSES!

Posted on May 3, 2017 in Uncategorized | No Comments

Every few months a news article appears providing stunning statistics on how many Americans do not have an estate plan. In the various studies, the percentage of adults without an estate plan hovers between 50-60%. Even more insightful, are the … Continue reading

Making Lifetime Gifts Free From Gift Tax

Your Will is not the only mechanism for transferring your assets to family members. Often, it makes sense to give family members financial gifts or gifts of property while you are still living. Those gifts may help an adult child … Continue reading

The Importance Of A Carefully Developed Estate Plan

The most frequent comments I hear are, “We thought about getting our wills done, but we got too busy,” or “We put off getting wills because it was so hard to decide who would be our Executor or guardian for … Continue reading

Young Adults & Families Need Estate Plans

In a meeting of rural landowners talking about estate planning, one young man offered a piece of wisdom. He said that one of the best gifts his parents gave him when they died was a well-designed estate plan.  His parents’ … Continue reading

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