Now non-nuclear family or friends who are more than 10 years younger than the decedent and in good health are never eligible for stretch provisions and must distribute the whole balance over 10 years.| Marotta On Money
Archive : Trusts, Foundations, and Endowments| Marotta On Money
Depending on your situation, outright beneficiary designations could be a cleaner estate planning solution.| Marotta On Money
Many financial products are sold through greed or fear, but estate planning isn't one of them. Having an estate plan and a living trust is an import part of wealth management.| Marotta On Money
If you have a charity among your heirs, there is the possibility for tax savings.| Marotta On Money
In most cases, Schwab's rules around durable powers of attorney help to protect the principal. However, the same rules can also impede the principal's agent.| Marotta On Money
Oddly enough, how a trust inherits an IRA is as important as what it does with the IRA after receiving it.| Marotta On Money
For Inherited IRAs, all the Required Minimum Distribution (RMD) rules are complicated. There is no easy case.| Marotta On Money
Inherited RMD rules demonstrates the power and importance of beneficiary designations and why it is so important to set them.| Marotta On Money
A reader asks, "As her descendant and agent following the rules as written, it is my understanding that I could gift myself $14,000 each year. But can I really?"| Marotta On Money
This style of Power of Attorney certainly gets the job done, but there are a few ways that the cookie-cutter POA most frequently fails to meet people's wishes.| Marotta On Money
While it is possible a trusted contact may provide you with some protection, it cannot replace a durable power of attorney.| Marotta On Money
Although you can have second generation beneficiaries, the first non-spouse designated beneficiary is the last one to receive a new RMD divisor calculation.| Marotta On Money
Archive : Required Minimum Distributions| Marotta On Money
Estate planning is a task which is never useful until it is too late to do it.| Marotta On Money
