The CARES ACT relaxes rules for retirement plans and IRAs in four main ways.
Relaxed Rules for Retirement Plans Worth CARES-ing About
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Estate Planning
The Importance of Planning for the Unexpected
By Cara M. Chittenden The sudden rise of the coronavirus, COVID-19, has left many unprepared and confused. There are numerous reports of shortages of antibacterial hand sanitizer, disinfecting wipes, and even toilet paper. While we can’t predict when something like...
Succession Plan Key to Business Estate Planning Success
Estate planning for business owners avoids costly disputes and pain later on. Goals may include keeping the business within the family or selling the business as part of a retirement plan.
Where There’s a WIll, Same Sex Couples Need to Go Beyond
While all couples can benefit from estate planning, same sex couples have special situations that require additional attention.
Is it time to update your estate plan?
Estate plans are not complete the first time you draft them. They are suitable for the present, but after three years or so, it is time to take another look. Your life can change in an instant. Life events can alter the nature of how your estate plan should be....
10 Reasons to Create an Estate Plan Now
By Cara M. Chittenden Many people think that estate plans are for someone else, not them. They may rationalize that they are too young or don't have enough money to reap the tax benefits of a plan. But as the following list makes clear, estate planning is for...
Estate planning for unmarried persons
If you are not married, you might not think that making an estate plan is a priority for you. This may be especially the case if you are young and have no children. However, the reality of the matter is that anyone can benefit from some form of estate planning. In...
Why a Living Will is Important
By Cara M. Chittenden A living will lays out your preferences for life-sustaining medical treatment. It is often accompanied by a health-care proxy or power of attorney, which allows someone to make treatment decisions for you if you are incapacitated and the living...
Tips on Creating an Estate Plan that Benefits a Child with Special Needs
By Rebecca W. Geyer Parents want their children to be taken care of after they die. But children with disabilities have increased financial and care needs, so ensuring their long-term welfare can be tricky. Proper planning by parents is necessary to benefit the child...
Are you at risk of making a costly estate planning mistake?
Despite popular belief, you do not need to be rich, elderly or sick to have an estate plan. If you have a house, car, money in the bank or cherished belongings, you can benefit from creating an estate plan. Not only can a plan help you maximize the value of your...
