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Nordhaus Walpole, PLLC Blog

May 31, 2017

Understanding Your IRA: Tax and Estate Planning Considerations


If you have been putting money into an individual retirement account (IRA), it is important to consider what will happen to your IRA if you have savings left over at the time of your death. By thoughtfully incorporating your IRA into your estate plan, you can both (i) help reduce your loved ones’ tax burden after your passing, and (ii) ensure that your named beneficiary (or beneficiaries) have the information and flexibility they need to make smart decisions about taking distributions from your account.

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Categories: Probate and Estate/Trust Administration

May 26, 2017

Can You Seek Financial Support from Your Spouse While Your Divorce is Pending?


If you are preparing to go through a divorce and you are financially dependent on your spouse, one of the earliest steps in the process will likely be to seek “temporary” maintenance and child support. Typically, these forms of temporary financial support will last for the duration of the divorce process; although, in some cases, a judge may order temporary maintenance for a shorter period of time.

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Categories: Family Law & Divorce

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