Question: My sister-in-law only gets Social Security of $1,500 a month and her husband $750 a month. Her husband is sick and when he dies she will loses his share of the Social Security. They [...]
Question: My sister and I are 50-50 beneficiaries of our mom’s will. Her assets include a house ($250K) and an IRA ($250K). My sister would like to live in the house. I realize the IRA will [...]
Question: My daughter is now working in Amsterdam for a European-based company. She’s wondering if she can continue to contribute to her Roth IRA or her individual IRA. Response: This is outside [...]
Question: Is there a problem with keeping my daughter’s maiden name on various estate planning documents instead of changing it to her married name? In some places, I have used both names [...]
Question: Is the trustee fee I received income that I can use to calculate my IRA contribution in the same year? Response: Yes, it is earned income that must be reported on your tax return and, [...]
Question: My siblings and I inherited an IRA from an aunt in disproportionate amounts. One sibling refuses to set up their own inherited IRA account because they are upset they did not get an [...]
Question: I inherited a traditional IRA from my mother; I am the sole beneficiary. I am leaning toward liquidating the securities but I wanted to understand how that is accomplished. I assumed [...]
Question: I just read your article about IRAs being paid to trusts. Is a special needs trust for grantor’s disabled son an “eligible designated beneficiary” under the SECURE [...]
Question: I own a variable annuity with large gains in the account. My understanding is that when I die my spouse can become the owner without incurring any income taxes due (no estate tax will [...]
Question: With respect to your recommendation that executors of estates or trustees of trusts sell stock holdings after the death of owner of the assets, what’s your recommendation for [...]