The Most Common Estate Planning Mistakes
Some problems can be avoided by proper planning, others by good practices during the estate administration process.
Ethan Huizenga
June 24, 2022
Is Bitcoin Part of an Estate?
Have you thought about what will happen to your bitcoin when you die? For many of us, the thought has at least crossed our mind.
Ethan Huizenga
May 30, 2022
What are the New IRA Distribution Rules?
The Internal Revenue Service (IRS) recently issued much anticipated proposed regulations that clarify and revise some of the required minimum distribution (RMD) rules for qualified plans (i.e., 401ks, 403bs, etc.) and individual retirement accounts (IRAs).
Ethan Huizenga
May 4, 2022
What Can I Do Instead of a Stretch IRA?
Leaving behind a huge tax bill for your heirs with the stretch IRA scuttled? Here are some ways around it as lawmakers consider an updated SECURE Act.
Ethan Huizenga
April 13, 2022
When Can Estate Assets Be Distributed?
Many estate executors focus on estate taxes and forget about income taxes. That can be an expensive mistake.
Ethan Huizenga
March 21, 2022
What Is the HEMS Standard?
The ‘HEMS’ (health, education, maintenance, support) standard in estate planning is used to guide trustees in how/when they should release funds to a beneficiary.
Ethan Huizenga
February 25, 2022
Why Naming Beneficiaries Is Important to Your Estate Plan
If you’ve ever spent time working through your estate plan, you know how important it is to select and update your beneficiaries.
Ethan Huizenga
January 27, 2022
How to Approach Parents about Estate Planning
If you have a parent over the age of, say, 65, thoughts about their future may have started to creep into your mind. However, because end-of-life planning can be emotional and overwhelming, it’s tempting to put these conversations off—and even more pleasing to avoid them altogether.
Ethan Huizenga
December 29, 2021
Do You Need a Revocable or Irrevocable Trust?
On the surface, the difference between revocable and irrevocable trusts couldn’t be any more straightforward. You can change your revocable trust whenever and however you choose. You can’t change your irrevocable trust at all.
Ethan Huizenga
December 21, 2021
What Is the Social Security Increase for 2022?
A large 5.9% cost-of-living adjustment is coming to Social Security beneficiaries in 2022. That means the average monthly retirement benefit will go up by $92 per month. Exactly how much more money you will see may depend on the amount of Medicare Part B premiums.
Ethan Huizenga
December 8, 2021
