Co–authored by Kristine M. Scott, Estate Planning Associate As discussed in part 1, the IRS requires you to begin withdrawing a minimum amount annually from traditional IRAs (and from most 401ks) once you reach age 70 ½. These minimum withdrawal amounts are called...
Marks Gray P.A.
Turning 70½ in 2018? What You Need to Know about RMDs
Are you one of the millions of Americans with an IRA or 401k who have recently turned 70 or will reach that age in 2018? There are a few rules you need to know to avoid heavy penalties by the IRS for failure to take the proper required minimum distribution, commonly...
Attorney David Boies’s Career-Killing Ethical Breach for Weinstein
Many have wondered how Harvey Weinstein’s story went unreported for so long. Part of the reason may have come to light in a recent New Yorker article. According to the New Yorker article, and other news coverage, Weinstein hired attorneys and private intelligence...
Medicaid Planning 101: What You Need to Know
Medicaid is the joint state-federal program that pays for nursing home benefits. Since it is a joint program, the requirements vary from state to state, although the program itself is fairly uniform. This summary reflects only Florida law, and is current as of...
Flipping the Bird at the President Is Protected Speech; Bragging about It on Social Media, Not So Smart
A recent court case reaffirmed that flipping the bird in protest is usually protected speech, not disorderly conduct. When the gesture is used to express contempt, anger, or protest, and not a “true threat,” in most situations a person cannot be guilty of a crime....
Social Media, Cloud Files, and More: Estate Planning for Your Digital Assets
These days, most of us find ourselves living in a technology-driven world—from our social media accounts, to our online bill pay, and even our food delivery services. But what happens to those accounts when you die? Well, if no end of life planning is done, the answer...
After Diagnosis: What Medical Advance Directives Do You Need?
Being diagnosed with a life-changing or life-threatening illness is frightening. In addition to receiving a scary diagnosis, all the meetings with physicians, researching treatment options, having family discussions, and decision making can quickly become overwhelming...
Will Trump Prosecute the News Media for Publishing Leaks?
During his first months in office, President Trump has complained about people in government leaking sensitive or secret information to the news media. He has at times suggested news media should be prosecuted for publishing secret information. Is that likely? History...