by Scott Farquharson | Feb 18, 2020 | Uncategorized
We write to share a recent change in the law governing retirement plans as of January 1, 2020. If you have one or more retirement plans (e.g. 401(k)s or IRAs), this change could impact your estate plan. This is especially true if you’ve named (or are considering...
by Scott Farquharson | Feb 18, 2020 | Uncategorized
The IRS has issued updated exemption amounts for estate and gift taxes for the 2020 calendar year: The Federal Estate and Gift Tax exemption amount, which is the amount of assets below which no federal estate or gift taxes are imposed, is indexed for inflation. The...
by Scott Farquharson | Feb 18, 2020 | Uncategorized
Have An Estate Plan Even celebrities die without wills. Picasso’s unplanned estate paid an extra $30 million in taxes. Prince’s $300 million estate faced unnecessary significant taxes and disputes, with false claims by alleged heirs, including a convicted felon. James...
by Scott Farquharson | Feb 13, 2020 | Uncategorized
If you have wishes regarding your funeral services or burial arrangements, there are various ways to make such wishes known. While funeral or burial arrangements are usually handled outside of a Will (or Trust), they are important to plan for because they are often...
by Scott Farquharson | Jul 10, 2019 | Uncategorized
From GRC’s Spring 2019 Newsletter If you are reading this the odds are pretty good you have addressed your estate planning. Many (most?) never undertake even basic estate planning. The reasons are myriad: you just never thought about it, fear of going to see a...
