"For decades, you've saved in tax-deferred retirement accounts, watching your balance compound untaxed. Then you turn 73, and the IRS comes calling, Jeff Judge, CFP® advises in a Kiplinger article about RMD "tax traps" to avoid. While at Geyer Legal, our attorneys...
"When a small business owner dies with an active amortized loan, the debt does not vanish. The balance remains an obligation of the business entity and a valid claim against the owner's personal guarantee and estate", the Small Business Administration website...
"Before assets reach children or charities, they most often move to a surviving spouse," Erica Ellis, J.D. reminds financial advisors."Women will control a growing share of wealth in the coming decades, driven largely by longevity, Ellis reminds readers of Financial...
"When it's love vs. money, Americans prefer the hefty bank account," the results of a Northwestern Mutual survey of 4,375 U.S. adults revealed. A majority of couples in a serious relationship, the survey revealed, feel financial compatibility is more important than...
Applying for Medicaid often involves a waiting period while your application moves through the review process. Knowing what to expect during that time can help you stay prepared and respond quickly if additional action is needed. Here is what generally happens after...
People make split-interest charitable gifts to balance philanthropy with their personal financial needs. As Fidelity Charitable explains, clients can achieve several goals using split-interest charitable giving: Generating lifetime income without triggering immediate...
Thinking of naming minor children as beneficiaries of your life insurance policy, retirement account, or investment account? Think again. While minors can certainly inherit assets, they are still legally ineligible to manage those assets. If no trust or guardianship...
"Wine and investing are more similar than you think", Bryce Sanders tells financial advisors, suggesting they use wine-related analogies to create "aha" moments in conversations with their clients. Interestingly, several of the analogies Sanders mention apply to the...
Geyer Legal Group is pleased to introduce Katrin Hodson as our newest associate attorney. Katrin will focus her practice on helping clients with their estate planning and estate administration needs. A Hoosier born and bred, Katrin grew up in Granger then Ft. Wayne....
"My father passed away and left me a large sum of money", a reader related in a recent Dear Abby letter. After paying off debt, she decided to give each of her three adult children a Christmas gift:"from me and their grandfather". The letter-writer's husband of one...
