Prior to the 2019 SECURE Act (Setting Every Community Up for Retirement Enhancement), a non-spouse who inherited an IRA could take required minimum distributions based on the non–spouse’s life expectancy. In this manner, IRA owners who did not need retirement…
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If you are enrolled in original Medicare or a Medicare Advantage program, the time has arrived: Medicare Open Enrollment period kicks off October 15 and runs through December 7. During this period you can make certain changes to your coverage….
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Updated 9/18/22 The lives of celebrities are always under a microscope. So are their deaths. The latest celebrity to receive such attention is Ann Heche. The 53-year-old actress was in a fiery car crash in Los Angeles on August 5….
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Over the years we’ve heard about the lavish (some would say excessive) inheritances people have left to their pets. Take Gunther, the German shepherd bequeathed millions by German countess Karlotta Liebenstein, who died in 1992. On this side of the…
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Who do you trust? Your brokerage, bank and other financial institutions want to know. When you open a new account, or update an account that was established before Feb. 5, 2018, they will ask you to provide the name of…
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The Karp Law Firm is proud to announce that Attorney Jonathan D. Karp has been included in the second edition of Best Lawyers in America – Ones to Watch®. Inclusion reflects professional excellence and recognizes Mr. Karp for his work…
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And they said it couldn’t be done! Medicare enrollees will begin seeing savings next year and beyond thanks to The Inflation Reduction Act. Passed after years of negotiation, and along strict partisan lines in the Senate on July 21 and…
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There have been changes to two key numbers Florida uses when assessing an applicant’s eligibility for Medicaid nursing home benefits. These changes went into effect July 1, 2022. Minimum Monthly Maintenance Needs Allowance The income of an applicant’s spouse is…
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It’s shocking, it’s macabre, but it’s true: The estate of serial killer Charles Manson could be worth a fortune. And there’s a legal battle over who inherits it. Manson left behind assets when he died. He passed away at age…
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If you own an asset for which you have named a legitimate death beneficiary, the asset will not go to probate when you pass on. Your beneficiary will avoid the court and the additional hassles and expenses that go with…
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