The rules for stretch IRAs have changed. That means if you’d hoped to use an IRA to pass your wealth down to future generations, you may need to revisit your estate plan. The Secure Act, which was recently signed into law, places limits on retirement disbursements...
By Valeska Hermanson There are times in our life when situations arise making it urgent and essential to have a Health Care Directive, Power of Attorney and maybe a Will. This is certainly one of those times. Here is what you might need and how you can get it: HEALTH...
Those who own a family business are wise to take steps to protect the future of the business. The following tips can help those who run a family business better ensure it passes in accordance with their wishes. #1: Get documents and instructions to effectuate the...
Farmers may need to think more about estate planning than others do. They often own large tracts of land, run small businesses and need to divide assets between children who work both on and off the farm. This means that farmers-more than most people-may benefit from...
Estate planning can be difficult for anyone, but it can be extremely tricky for farmers. Farms are both real property, personal property (machinery), and business operations, and many farmers need to figure out how to divide their assets between children who want to...
