Category: Uncategorized

Estate Planning during the COVID 19 pandemic

If you find yourself with extra time on your hands, now is the perfect time to start or review your estate plan. We are happy to continue to assist our clients with task-even during the current crisis. Under Governor Laura Kelly’s executive order 20-20, notaries and witnesses can temporarily act via audio-video communication technology. This [..]

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Qualified Charitable Distributions from an IRA

If you have a tax-deferred individual retirement account (IRA) and you are age 70 1/2 or older, the IRS requires you to withdraw a certain amount from your IRA each year. This is called a required minimum distribution, or RMD, and it increases your total taxable income. However, if the IRA distribution goes directly to [..]

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What to Do When a Loved One Dies

When a loved one dies, not only does the family have to deal with the emotion of losing their loved one, the family must also deal with the overwhelming responsibility of closing out the person’s financial life. The following is a list of things that the family and loved ones must deal with after a [..]

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Business Consultation

An ounce of prevention truly is worth a pound of cure. Entrepreneurs and seasoned businesses alike may benefit from business consultation. Business consultation is often a step in the business formation process. A budding entrepreneur will benefit from consultation to help the business owner discover what level of risk the company can bear, and what [..]

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Stretch IRA

An estate planning concept that is applied to extend the life of an Individual Retirement Account is referred to as a “stretch” IRA. The benefits of a “stretch” IRA are that it extends the tax deferred growth of a persons IRA and provides for 2nd, 3rd or 4th generations to benefit from this asset. Contact [..]

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Protecting your child’s future

Having children is one of the greatest rewards in life but it also comes with many responsibilities. One of those responsibilities is completing an estate plan. Young couples don’t need elaborate estate plans but they should think about the following items when working on their estate plans: 1. Write a Will (including providing for guardians [..]

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