We’ve Lost Margaret Keith’s mom, Margaret, died last month at the age of 92. Margaret worked in our office for 21 years as Bill Scott’s secretary. She reluctantly retired just a few years ago at age 87. Margaret went back to work at age 63. She hadn’t worked in an office for 30 years. She…
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Recent United States Supreme Court Decision Has Significant Effect on Inherited IRAs In the recent United States Supreme Court decision in Clark vs. Rameker, the Court ruled that inherited IRAs are not “retirement” accounts for purposes of the federal bankruptcy protection statutes. This ruling has a significant effect on IRA planning. As we are all aware,…
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We Can Learn From Celebrity Estate Planning Mistakes Celebrities. We see them on television. We watch their movies. We purchase and download their music. We read about them in magazines. They’re everywhere. Most of us living normal, everyday lives, find it hard to relate to the seemingly perfect lives enjoyed by stars. However, just like…
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Put Your Plan in Place and Share it with Family If you watch movies, you will likely remember the film, “Gran Torino” which Clint Eastwood directed and played the main character. Eastwood‘s character’s name was Walt, a Korean War veteran and retired autoworker. As the movie unfolds, we learn that Walt is still grieving the…
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A Checklist for Family of Immediate Tasks After the Death of a loved One One of the services we provide at Scott, Tokerud & McCarty, P.C., is probate/trust administration of decedents’ estates. We occasionally are called by family members or others involved in the affairs of the deceased and asked what they should do or…
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What does Obamacare mean for you? I really don’t want to debate whether we should have Obamacare in the first place, but in preparing for a recent workshop for our Peace of Mind Protector client service program, I asked my friend Bruce Lahti of the Junkermier office, who is an expert in the area, what…
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Estate Planning 101: Make Sure Your Beneficiary Designations Coordinate With Your Estate Plan When you die, your property is transferred to your family/beneficiaries in one of several ways, depending on what arrangements you have in place. If you have a Will, your property is transferred pursuant to its terms. If your property is held in…
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Estate and Long-Term Care Planning – Lessons From Baseball Another baseball season is upon us. I’m always excited about the new season because that means spring is here and that my hopes and dreams are still alive that my favorite team will win the pennant. My wife Rhonda and I attended a major league baseball…
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To Die at Home Don’t get me wrong. I’m not criticizing nursing homes. They have a real place in our healthcare system. For some people a nursing home is the best alternative. Like my mom; she’s in one right now. She needs to be there. If she can get her stronger we’ll take her back…
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How We Approach Estate Planning for Our Clients At Scott, Tokerud & McCarty we help our clients pass their property to whom they want, when they want and how they want – while minimizing expenses. We work to help our clients maintain control of their lives and pass their non-financial legacy on those they love.…
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