Be Careful with Prenuptial Agreements!

The drafting of a prenuptial agreement is a very complicated process. You should always have legal advice. Generally (not always) a family law attorney will draft such an agreement with the help and advice of an experienced estate planning attorney. In a recent Florida Supreme court case, Hahamovitch v. Hahamovitch,…

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A Recipe for Disaster… Improper Planning for Stepchildren

It is no secret that,  when parents get remarried, one of the biggest issues, either financially or emotionally, is dealing with stepchildren and step-parenting. The issues become even more apparent when the biological father or mother dies. A recent case shows what happens when there is little planning or thought…

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You May be Surprised When You Receive Your IRA 1099-R!

Generally each individual who receives individual retirement account (“IRA”) distributions will receive a Form 1099-R which indicates the amount of distribution, indicating by codes what amount is taxable and non-taxable and other information. The Internal Revenue Service (“IRS”) now requires custodians to add a new code on the Form 1099-R.…

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