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What Happens When a 529 Account Owner Dies?
New York’s 529 College Savings Program accounts are investment plans that enjoy tax-deferred growth. Withdrawals are income tax-free for qualified educational purposes associated with K-12 tuition, vocational school, college, or higher education.
Question: Can I name my 10 year old grandchild as beneficiary on my IRA?
Question (About a Contested Guardianship): I received Court papers that say that my brother is trying to take control of my mother’s finances and make medical decisions for her. I have been taking care of my mother for years and my brother is estranged from me and my mother. What should I do?
Question: I am a teacher and currently off for summer break. Now that I have time to myself, what should I be thinking about over the summer regarding my estate plan? What about retirement? What actions should I be taking?
Question: My son is 18 and is leaving for his first year of college in September. Someone told me that there were some legal documents I should have in place before he leaves. This is the first that I have heard of this, as his school did not say anything. Is my friend correct?
Question: What is the SECURE ACT and how might it affect my retirement benefits?
We live in a modern world where blended families are becoming more and more common. A blended family is one made up of two spouses where at least one spouse has children from a previous marriage or relationship.
Question: I am the nominated executor of my friend’s estate. If I am appointed as executor, would I get paid for the work I do?
Question: I have an elderly aunt. I’m embarrassed to say that I only visit once every few months. I recently learned that she has a caretaker that has moved into her house and, I suspect, taking money from my aunt. When I asked my aunt about it she got angry. What can I do to protect her?
Question: I loaned my friend money and, before he could repay me, he died. Will I still be able to collect the debt owed to me?
Question: As a “millennial”, when is it a good time to start thinking about estate planning? Do I need to accumulate assets before considering planning for my future?
