Advantages of Trusts for Estate Planning

December 20, 2021By Richard Umanoff

In the first article in this series, we covered what a trust is and the type of assets you may transfer to a trust. As a reminder, a trust is a legal agreement between two parties: the trustee and the trustor (sometimes called the settlor or grantor). The trustor is the person who establishes the Read the full article…

What is a Trust?

November 4, 2021By Richard Umanoff

In this first article in our upcoming series, we will discuss a trust and the type of assets you may transfer to a trust. Please stay tuned for more related articles coming soon and reach out to our team if you have any questions about estate and trust.  A trust is a legal agreement between Read the full article…

How to Treat Inherited Individual Retirement Accounts

March 8, 2012By Kimberly Hoang

The SECURE Act, which became effective on January 1, 2021, changed the rules for inherited IRA’s. Prior to that, the rules were very beneficial to non-spousal beneficiaries. The act upended the “life expectancy” rule for distributions and, in its place, created the 10-year rule for non-spousal beneficiaries. The act establishes a time period of 10 Read the full article…