June 2019 - Law Office Of Skipton Reynolds, LLC
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Month: June 2019

A Final Retirement Account Distribution Must Still Be Made After Death

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Federal law requires that beginning on April 1 of the year after you reach age 70 1/2, you must begin withdrawing a minimum amount from your non-Roth individual retirement account (IRA) or 401(k) accounts. These withdrawals are called required minimum distributions (RMDs). But what if you die after age 70 1/2 and before all the account funds … Continue reading

What Is the Difference Between a Living Will and a Do-Not-Resuscitate Order?

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It is a very good idea to create advance directives in order to plan for the possibility that you may one day be unable to make your own medical decisions. In doing so, there can be confusion about the difference between a living will and a “do-not-resuscitate” order (DNR). While both these documents are advance … Continue reading

Tips on Creating an Estate Plan that Benefits a Child with Special Needs

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Parents want their children to be taken care of after they die. But children with disabilities have increased financial and care needs, so ensuring their long-term welfare can be tricky. Proper planning by parents is necessary to benefit the child with a disability, including an adult child, as well as assist any siblings who may … Continue reading

Passwords and Estate Planning: How to Prepare Your Digital Assets

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Estate planning does not have to be a complex and time-consuming process. Unfortunately, certain mistakes can complicate matters for your loved ones after your death. Passwords are a common problem during the estate planning process. Chances are, you are like most people and have various online accounts. You could have online banking, Bitcoin wallets, and … Continue reading