Brett Norris, CFP®, was on KOIN AM Extra's Wallet Wednesday to talk about estate planning.
Changes to Charitable Giving Under the One Big Beautiful Bill Act
The passage of the SECURE Act in 2019 and SECURE 2.0 Act in 2022 ushered in sweeping changes for taxpayers regarding retirement account distributions. These changes, including a significant modification to how certain designated beneficiaries must distribute inherited retirement accounts, are crucial for anyone possessing or inheriting a retirement account to understand.
The Importance of Per Stirpes and Per Capita Elections in Estate Planning and Beneficiary Designations
In the realm of estate planning, the terms "per stirpes" and "per capita" play a pivotal role in how assets are distributed among beneficiaries. Understanding both terms is critical for anyone looking to ensure that their assets are transferred according to their wishes.
Things to Know Around Tax Time
As April 15 draws closer, individuals across the country are filing their tax returns, some of whom are anxiously awaiting the results.