It is human nature to feel that we are overtaxed. And yes, rates for one tax or another will vary from state to state. We have what are commonly referred to as death taxes. These are usually identified as an inheritance tax or an estate tax and vary by state. Estate taxes are based on […]
A few years ago, the Required Minimum Distribution (RMD) rule changed from requiring distributions at the age of 70-1/2 to 72 years. Life expectancies are increasing (sans Covid) and the Consolidated Appropriations Act of 2023 has extended the starting age for RMDs to the age of 73 for those who turn 72 after December 31, […]
Your spouse has passed – what do you need to do? Many times, there may be very little for you, as the surviving spouse, to do after the funeral. However, everyone is different and what your relative or neighbor may have experienced is not what is true for your situation. The list below is but […]
As we move through the new year, we may have made resolutions, created a To Do list, or just have mentally thought about different things that might need attention. Regardless of your method, one very important item that you should give priority to is to address your estate planning and to determine if it needs […]
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