In a move that could significantly impact individuals inheriting retirement accounts, the IRS recently announced changes to the rules governing Required Minimum Distributions (RMDs) from certain inherited Individual Retirement Accounts (IRAs). This decision has sparked conversations among financial experts and beneficiaries alike, as it introduces new flexibility and considerations for retirement planning.

Incorporating charitable giving into your estate plan is a meaningful way to support causes you care about while potentially reducing your estate tax liability. Whether you wish to leave a lasting legacy or simply give back to your community, there are several strategies to consider.

Pets hold a special place in our hearts, becoming cherished members of our families. Just as we plan for the well-being of our loved ones after we’re gone, it’s equally important to consider the future of our dogs, cats, horses and other animals. Estate planning for these special family members ensures that they will continue to receive the care and love they deserve even when we’re no longer able to provide it ourselves. In this article, we’ll explore the importance of estate planning for our four-legged friends and provide a comprehensive guide to help you secure their future.

As the holiday season approaches, gift-giving is on the minds of many business owners. But there are reasons why a business owner may want to give gifts to employees and clients throughout the year and not just during the holidays. Whether to recognize a job well done, boost employee morale, or solidify client relationships, monetary and non-monetary gifts can provide a powerful psychological boost for people.

Are you a small business owner with less than 20 full time employees? Then this might apply to you! Make sure you check into this before the first of the year, 2024 so that you’re ready to comply.

A Florida Ladybird Deed, also known as an Enhanced Life Estate Deed, is an increasingly popular legal instrument used in estate planning. This type of deed allows property owner(s) to retain control over their homestead property without losing the homestead or tax benefits, while also designating beneficiaries who will inherit it upon their passing. Like any legal tool, there are advantages and disadvantages associated with the use of a Florida Ladybird Deed. In this article, we’ll explore the pros and cons of this estate planning option.