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A Will is a legal document under state law where you name a person to manage your estate and divide your property after you die. Property in your estate must pass through “probate”, which is the process under your state’s law of how your estate is administered and who gets your property. Ideally, you should have a Will. If you don’t, then state law will decide who gets your property after you die. That might not be what you want, so it’s better for you to decide who gets what by having your own Will.

No Pension Benefits
for Widow Married
Less than a Year
• Facts of the Case
• Court Decisions
• Some Employer Plans Have a
“One-Year-Marriage Rule”

An individual contributed to their individual 401k profit sharing plan. They are the employer and the only employee. When he...

Hello, I just wanted to confirm the nature of RMDs for an account whereby the owner has passed. 1. If...

Good Afternoon. I have a situation that I have not previously encountered. I am looking for guidance from the group....

We live in Minnesota; I think my wife and I should make some changes in our IRA beneficiaries for estate...

Client is 58.5. Retiring in a couple weeks. Has a 401k, wants to take some money out before hitting 59.5....

We have a client that converted $30,000 from a traditional IRA to Roth IRA in 2012. Upon preparing his taxes...

Last Tuesday, Senator Orin Hatch of Utah introduced new IRA-related legislation to the Congressional floor. The purpose of the bill had nothing to do with taxes, as you might first suspect, but rather, was introduced in an effort to strip the Department of Labor (DOL) of some of its power over IRAs. Below we discuss the role of certain federal and state entities play in IRAs.

I requested a check on 7/1 and received the check on 7/5. I realized that I won’t be able to...