Sunday, June 16, 2024
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New York

Estate Planning

Federal Estate and Gift Tax Exemptions in 2024

Everything is going up next year—some good, some bad. In the last few weeks, I’ve written about 2024 increases to retirement plan contributions, catch-up...

Qualified Charitable Distributions (QCD) from Inherited IRAs

At the very moment IRAs joined the retirement savings universe in 1974, so did Required Minimum Distributions (RMD). The government was more than happy...
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5 Healthcare Proxy Mistakes

Healthcare proxies, also known as medical powers of attorney, are one of the most important documents you can have...

Filing Taxes for a Deceased Loved One

Someone trusts you so much that they name you to settle their estate when they’re gone. You’re honored they...

Guarding Against the Survivor Trap

It’s called the survivor trap or widow’s penalty. It’s a financial monster that eats away retirement income after one...

Just Because You Give It Doesn’t Remove It from Your Estate

Wait a minute! I thought giving gifts was a great estate planning tool. Conventional wisdom has always said that...

5 Common Estate Planning Mistakes

A lot of work goes into creating an estate plan. It can be a lengthy, time-consuming process. You want...

Taking Care of Uncle John

It started with a COVID shot. We knew my uncle John (not his real name) was getting one and...