Access our Latest Webinar: Simplifying the Administration of Trusts with Private Wealth Management We recently held a comprehensive webinar about navigating the complexities of trust administration, recorded on September 5th, 2024. This session was designed to provide valuable insights for trustees … [Read more...]
Video: Trust Administration
Reviewing Your Estate Plan
When you're good to others, you're best to yourself. - Benjamin Franklin What To Know About Reviewing Your Estate Plan Perhaps you... have experienced a change in family circumstances and would like to alter the amounts, timing, and/or recipients of wealth transfers under your … [Read more...]
Required Distributions from IRAs – An Update
The rules for required minimum distributions (RMDs) recently changed when the SECURE Act was passed in 2019. Retirement accounts inherited after 2019 are now subject to a ‘10-year rule’ that requires the account to be emptied within 10 years of the death of the original owner, with some … [Read more...]
Planning for Remarriage
If you're planning to remarry, you must decide how you and your fiancé will combine your finances, and you'll need to plan a financial strategy that considers the assets, liabilities, and financial responsibilities that each partner brings to the marriage. You'll find that financial planning for … [Read more...]
SECURE Act Changed IRA and Retirement Plan Inheritance Rules
At the end of 2019, President Trump signed a federal spending package that included the Setting Every Community Up for Retirement Enhancement (SECURE) Act. A provision in this legislation effectively eliminated the "stretch IRA," an estate-planning strategy that allowed an IRA to continue benefiting … [Read more...]