This a topic that comes up a lot in Florida. Many clients come to me because someone told them that their will, trust, power of attorney and health care directives are no longer valid after changing their state of residence.
Here’s a good article on the rules for achieving a “stretch” for an inherited IRA. This can be a powerful tool for minimizing income taxes while maximizing growth. The article also discusses the effect the pending Secure Act will have if it is passed by Congress. It is crucial to review the beneficiaries on our retirement accounts regularly, and to make changes as needed.
It may be November, but Hurricane Season is not over. It ends November 30th. While the odds of a hurricane are lower this time of year, it’s always a good idea to be prepared.
Jeffrey S. Goethe will be participating in another continuing education seminar for attorneys, accountants, and paralegals on February 10, 2020 in Tampa. He will cover the following topics: HOMESTEAD IN PROBATE; DETERMINING IF SPOUSE’S ELECTIVE SHARE IS A REASONABLE OPTION; and PUTTING THE CASE TO REST: CLOSING THE ESTATE View more information about the seminar