Apr 30, 2014

Posted by in Blog - "Altman Speaks"

“When Your 401(k) Has a Bad Heir Day”

A recent Wall Street Journal article stresses the important connection between 401(k)s, wills and beneficiaries. When Your 401(k) Has a Bad Heir Day By Jason Zweig Even where there is a will, there can be a won’t. That is the hard lesson learned by the three adult children of a wealthy...

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Apr 11, 2014

Posted by in Blog - "Altman Speaks"

“The ‘Double Life of Mickey Rooney” – A Cautionary Tale

Mickey Rooney will certainly be remembered as an iconic Hollywood figure.  However, what many don’t know is that by the time this legendary actor passed away at the age of 93, he had an estate valued of about $18,000.  Rooney was a victim of elder abuse  – physical, emotional and...

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Apr 8, 2014

Posted by in Blog - "Altman Speaks"

Please Don’t Let This Happen to You!

I received a phone call today from a prospective client who informed me that her father had just had a stroke and was in very bad health.  The concern was that the father had been separated from his wife for over 20 years, but had never signed any sort of power of attorney or living will.  She...

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Apr 2, 2014

Posted by in Blog - "Altman Speaks"

IRS Announces Changes to Annual IRA Rollover Limit Following Tax Court Decision 


The US Tax Court recently decided that the rule limiting IRA-to-IRA rollovers to one every 12 months applies on a per-taxpayer basis to all of his or her IRAs rather than a per-IRA basis.  In turn, the Internal Revenue Service announced that it would be following suit, applying the rule on an...

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Mar 24, 2014

Posted by in Blog - "Altman Speaks"

Maryland General Assembly Passes Bill Increasing Estate Tax Exemption

In an effort to keep wealthy Maryland residents in Maryland, the Maryland General Assembly voted to cut the state’s estate tax.  Unless vetoed by Gov. O’Malley, the new law would raise the exemption to $1.5 million next year and $2 million in 2016. The exemption would rise to $3...

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