The SECURE Act 2.0, a follow-up to the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. The federal government has enacted a new law with the goal of making it easier for retirement plan participants to save.…
I would like to start out by stating I am a trust relationship manager administering Delaware Trusts in Florida. I found a side- by- side comparison of Delaware verses Florida prepared by Thomas P. Barnett, Esq, who is admitted in…
Many estate planning concepts focus on how to completely reduce the gift or estate tax on transfers to $0. There is limited discussion on what happens after you have utilized all your exemption, and have already gifted to various vehicles…
I would like to start out by stating I am a trust relationship manager administering Delaware Trusts in Florida. I found a side- by- side comparison of Delaware verses Florida prepared by Thomas P. Barnett, Esq, who is admitted in…
After lingering pandemic issues, rising inflation, the war in Ukraine, China lock downs, and unclogged supply-chain bottlenecks, the S&P 500 was knocked down hard last year, but don’t count it out. History suggests that the stock market could be getting…
Resiliency From Websters Dictionary: Resilience (noun) re·sil·ience ri-ˈzil-yən(t)s1: the capability of a strained body to recover its size and shape after deformation caused especially by compressive stress2: an ability to recover from or adjust easily to misfortune or change Covid…
It may be difficult for some to explain when a person mentions the word, Trust. Most people are familiar with the phrase “trust fund” but cannot explain it. As a former estate planning attorney turned Trust Officer, two worlds collide,…
Elder financial exploitation is the most common and least understood form of elder abuse. Billions of dollars annually are stolen or unlawfully converted from elders and vulnerable adults. It is critical to timely prevent, detect, and report any suspected financial…
I recently read two articles about employers talking about renewed interest in changing plan design or reopening Defined Benefit Plans that were previously closed or frozen. Employers realize the financial difficulties workers face and are looking to enhance retirement and…
What is a charitable remainder trust? A charitable remainder trust, or otherwise known as a CRT, is an estate planning technique that allows an individual to achieve their philanthropic goals, it can provide you with a source of income during…