Krueger, Hernandez, & Thompson SC

If you want to make sure that your wishes are carried out after you’re gone, then it’s very important to put a will in place. Your will can dictate which of your loved ones get to inherit which assets of yours. It can also include other provisions that give you peace of mind. However, if […] http://dlvr.it/TMhkLK

One of the toughest things you might have to do in your lifetime is plan for the end of your life. It is not an easy thing to come to terms with, to say the least. However, you may be surprised at how much peace of mind estate planning gives you. Once you have an […] http://dlvr.it/TMYD0q

Age 65 is a big milestone. It’s when you can enroll in Medicare, and it’s when a lot of people opt to begin their retirement. In the context of estate planning, there are certain tasks it pays to check off your list prior to turning 65. Doing so could give you peace of mind. Here […] http://dlvr.it/TMQj5q

Dealing with sibling dynamics is not always an easy thing. This holds true when your children are young and prone to frequent bickering, and also, when they’re older and may still be prone to bickering, albeit on a less frequent basis. Even when children grow up and have families of their own, sibling rivalry can […] http://dlvr.it/TMBvXq

Individuals often have reservations about seeking out an attorney’s help with their Estate Plan. Sometimes they worry about the cost, other times they think that they can do it on their own, and sometimes they die before the thought of creating an Estate Plan ever crosses their mind. Unfortunately, the issues that arise from a lack of proper Estate Planning on death don’t care who we are. As this blog demonstrates, even celebrities struggle with creating a comprehensive Estate Plan. http://dlvr.it/TL4LfD

The SECURE Act of 2019 altered the landscape for IRAs significantly when signed into law. Just when advisors gained a level of comfort with the SECURE Act, the United States Treasury Department issued Regulations in early 2022 requiring RMDs under the 10-year Rule in years 1-9. After realizing that many individuals were unaware of that requirement, the Internal Revenue Service responded by issuing Notice 2022-53 suspending the requirement to take RMDS in 2021 and 2022. SECURE 2.0 came at the end of 2022 ushering in some welcome changes but adding unnecessary complexity to our retirement world by increasing the age at which certain individuals needed to begin taking RMDs. Individuals born in 1951 found themselves in the unusual situation of having taken what they thought were RMDs in 2023 required under SECURE before realizing that SECURE 2.0 delayed their RBD. For some, that meant a distribution from the IRA that was not an RMD, but for which the usual 60—day roll over deadline had alr...

Most spouses create Estate Plans that are intertwined. The plans work well on numerous levels allowing the spouses to benefit the surviving spouse and then distributing their joint assets to their children upon the death of the survivor. Even in a second marriage situation, it’s possible for the first spouse to die to create a trust benefitting the surviving spouse for life, but then going to children from a prior relationship upon the surviving spouse’s death. What happens when two spouses die at the same time or so close in time that it’s impossible to determine who died first? Most documents contain what’s called a “simultaneous death” clause that indicates that one spouse will be deemed to have survived the other to address just that issue. Thankfully, even if the documents lack that provision, or contain conflicting provisions, nearly every state has enacted the Uniform Simultaneous Death Act which also addresses the issue. http://dlvr.it/TKn61p