Family trusts are often designed to benefit your immediate family or other relatives in the event of your death. One scenario that we often don’t think about is what happens when a beneficiary of a family trust gets divorced. Below are a few possibilities, based on recent case law in Massachusetts. Direct Assignment to Ex-Spouses […]
You’ve spent years accumulating your wealth through hard work and discipline. Now you’re ready to share this great accomplishment with loved ones. Only one potential problem stands in your way – frivolous spending.
Leaving someone an IRA as an inheritance can have a lot of tax advantages, and it’s often a very good estate planning strategy. However, the rules for inherited IRAs are complicated, and it’s easy to make mistakes.