General Law Alerts

The Impact of the SECURE Act on Estate Planning and Administration

Just before the end of 2019, the "SECURE Act," a bill that includes many changes to the federal tax code that apply to qualified retirement plans, such as a 401(k) or IRA, ("retirement assets") was signed into law.  The provisions of the SECURE Act, which became effective on January 1, 2020, are lengthy and complex. This Law Alert addresses one particular aspect of the SECURE Act: the impact on ...

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Using Required Minimum Distributions to Make Charitable Contributions - Some Things That You Need to Know

If you are 70½ years of age or older, have a standard IRA and are interested in making qualified charitable distributions, the following will be of interest to you.  By making donations directly from your IRA to charity, you will avoid having to pay income taxes on the required minimum distribution while at the same time meeting your charitable gifting objectives.  With the Tax Cut and Jobs Act ...

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Tax Cuts and Jobs Act; The New Federal Divorce Law

This article, authored by Regina Mandl, Esq. and quoting Barry Salkin, Esq., was published in the February 26, 2018 issue of Massachusetts Lawyers Weekly. I never have had a client who has said that he or she is getting divorced to take advantage of the tax laws. Divorce is an overwhelmingly difficult and often very painful personal experience, and while support and property division are factors, ...

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