Apr 8, 2009

Posted by in Blog - "Altman Speaks"

Important Questions to Ask Your Aging Parents

I recently gave the Wall Street Journal my take on the most important questions you should ask you aging parents.  Here’s the list: Have you named someone to make medical decisions for you (and to obtain medical information)? Have you named someone to make financial decisions for you? Do you...

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Mar 19, 2009

Posted by in Blog - "Altman Speaks"

Revisited Your Estate Plan Lately? New Federal Estate Tax Laws and Declining Asset Values May Warrant Some Changes!

I remind my clients often to contact us immediately any time there’s been a significant change in their lives, including, but not limited to:  the death of a beneficiary or anyone else named in your will, a change in marital status, new children, a change in state residence, and, as we’ll...

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Mar 11, 2009

Posted by in Blog - "Altman Speaks"

When is a Beneficiary Entitled to an Accounting?

In most trusts, there are current beneficiaries and future beneficiaries.  A current beneficiary is someone who is currently entitled to receive, either mandatory or discretionary, distributions of income or principal.  A future beneficiary is only entitled to distributions of trust income or...

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Mar 10, 2009

Posted by in Blog - "Altman Speaks"

A Word of Caution When it Comes to Gifting 529 Plans

A client came to me recently with a very unfortunate story.  Her Great Uncle, Bud, from NY, a single man with no children, had passed away a few months prior and, as is too often the case, he hadn’t properly updated his will before he died.  Like many, he procrastinated.  This unfortunate...

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Feb 18, 2009

Posted by in Blog - "Altman Speaks"

New Law: No Required Minimum Distribution from Your Retirement Accounts in 2009

If you or someone in your family is 70½ or older (or will be this year), or if you have inherited a loved one’s IRA or other retirement plan, here’s important news:  A recent law waives the requirement that you must take a required minimum distribution from your retirement accounts. This...

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