Does Potential IRS Change Have an Impact on Estate Plan?

The IRS is weighing a change that could leave your heirs poorer than you might hope.

07/29/22 • by: Goldsmith & Guymon, P.C.

Do I Need a Spendthrift Trust?

A spendthrift trust allows you to leave funds to a beneficiary without giving them full control over those funds.

07/28/22 • by: Goldsmith & Guymon, P.C.

Who Should Be Your Executor?

An executor is the person whom you name to handle the settlement of your estate after you die, taking your estate through probate, a court-supervised process that winds up your affairs in the state where you were living at the time of your death.

07/27/22 • by: Goldsmith & Guymon, P.C.

Do You Lose Benefits If You Retire Early?

Claiming Social Security before full retirement age (FRA) has consequences–namely, that you'll get stuck with a lower monthly benefit for life.

07/26/22 • by: Goldsmith & Guymon, P.C.

RMD Formula Changes for First Time in 20 Years

The IRS has good news for retirees: you can now keep more money in your tax-deferred retirement accounts thanks to lower required minimum distributions (RMDs).

07/15/22 • by: Goldsmith & Guymon, P.C.

How Do Special Needs Trusts Work?

Special needs trusts can help fund quality-of-life improvements for the beneficiary, such as a phone, a trip or a private room in a group care facility.

07/14/22 • by: Goldsmith & Guymon, P.C.