by Wendell Cayton
Megan bounced around my office like a tennis ball with blond curls while her parents and I discussed their simple estate plan. They both wanted enough life insurance to ensure that the survivor would be able to continue life comfortably. However, the stumbling block in the plan came when I noted that they [...]
March 21, 2005 | Posted in
Estate Planning |
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Traditional IRA distributions are taxable at ordinary income tax rates when distributed, either to the owner or beneficiaries. Setting up an IRA to pay out using the Substantially Equal Periodic Payment (SEPP) is an effective way to begin early withdrawals without unnecessary tax.
If IRA account assets are withdrawn prior to age 59 ½, not only [...]
March 14, 2005 | Posted in
Retirement |
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A durable power of attorney should be an integral part of any estate plan. While estate planning is considered by most to be a plan to settle your estate upon your death, it is often overlooked as a way to manage your affairs in the event you become incapacitated and rendered unable to do so [...]