By The Strong Firm P.C. | Published January 3, 2017 | Posted in Estate Planning | Leave a comment
For many years, people that inherited their parent’s retirement accounts believed those funds would be protected from creditor claims just like their own retirement accounts are protected from creditor claims. However, the U.S. Supreme Court rejected that concept in 2014.[1] In Clark v. Rameker, the Supreme Court ruled that the beneficiary’s inherited IRA was subject Read More
Read MoreMost people recognize the value proposition that estate planning offers to the wealthy because the proper plan can be used to reduce or eliminate estate taxes. However, estate planning also offers a value proposition to those of modest or moderate means. An estate plan can be used to reduce the costs, expenses and effort of Read More
Read MoreIf your elderly parent has no will, for whatever reason, it can be difficult to make them understand why they need one. Without a will, the estate passes according to the state’s laws of inheritance. This means certain types of property may be treated differently than others, which can result in certain loved ones being Read More
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