Posts by Steve Shane, Esq.
The Weekly Scenario: What to Know About the “For the 99.5% Act” and the “Sensible Taxation and Equity Promotion (STEP) Act”
There are many potential tax law changes that may be coming to a theatre near you. I can’t get too…
Read MoreThe Weekly Scenario: Designating a Beneficiary on a Vehicle Title
Like an individual retirement account or life insurance policy, a vehicle owner can designate a beneficiary to receive ownership of…
Read MoreThe Weekly Scenario: Advance Directive for Health Care
The question of when to withhold or terminate life support for an unconscious or terminally ill person is one that…
Read MoreThe Weekly Scenario: Marital vs. Separate Property
As the saying goes, why is divorce so expensive? Because it’s worth it. Probably a poor lead-in, but I wanted…
Read MoreThe Weekly Scenario: The SECURE Act’s Impact on Retirement and Estate Planning
It’s been a long hiatus, but Weekly Scenario is back. For the first issue, I thought I would write about…
Read MoreThe CARES Act from an Estate Planning and Individual Taxpayer Perspective
What are the key takeaways to the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) from an estate planning…
Read MoreThe Weekly Scenario: Who Can Serve as Executor of Your Estate?
Question: Who can serve as executor of your estate? Answer: One important reason to have a will is to be…
Read MoreThe Weekly Scenario: Replaced Lifetime Stretched IRA
Question: Does the lifetime stretch IRA which is now replaced with a 10-year rule under the SECURE Act for the vast majority of beneficiaries apply to Roth IRAs?
Read MoreThe Weekly Scenario: Minors and the SECURE Act
Question: My mother named my 12-year-old son as the beneficiary of her IRA. Since her grandson is a minor, is he eligible for the exception to the 10-year payout rule under the SECURE Act?
Read MoreThe Weekly Scenario: Advance Medical Directive Alternative
Question: My mother is supposed to sign her advance medical directive next week. We have both read it but now my mother is getting cold feet about signing it. What is the alternative to signing the advance medical directive?
Read More