Estate Management

This is intended to be a brief overview of what you should do once you realize you are overseeing an estate.

The required IRA distribution in the year the account owner dies is called a Year of Death RMD.

There is unique tax planning involved though when an age 70 1/2 IRA owner was younger than the beneficiary.

Although you can have second generation beneficiaries, the first non-spouse designated beneficiary is the last one to receive a new RMD divisor calculation.

Inherited RMD rules demonstrates the power and importance of beneficiary designations and why it is so important to set them.

Funeral expenses are often a family’s fourth largest expense.

You’ve been named the executor of a relative’s will – now what?

It is often said that the only two certainties in life are death and taxes. The IRS takes that truism to heart.

There is no accounting for how many heirs an account might need to be divided among in an estate plan. Here are the best practices for how to divide the estate.