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Elder Law | Estate Planning Law | Family Law October 26, 2016
Virginia Estate Planning Attorney Comments on Division of Retirement Accounts For Divorcing Couples
Fairfax, VA (Law Firm Newswire) October 26, 2016 – Couples approaching retirement age and contemplating divorce, may confront problems regarding ways in which to divide their retirement accounts. The divorce rate is skyrocketing for baby boomers. According to a report…
Estate Planning Law | Legacy May 23, 2016
Retirement Planning Attorney Andrew H. Hook Discusses Retirement Planning When A 401(k) Is Capped
Virginia Beach, VA (Law Firm Newswire) May 23, 2016 – It can be challenging to find tax-advantaged ways to save for retirement when an individual is highly compensated. Under the general rule, workers can save $18,000 annually in pre-tax income…
Estate Planning Law | Legacy April 5, 2016
IRA Beneficiaries Must Be Properly Designated, Says Estate Planning Attorney Andrew H. Hook
Virginia Beach, VA (Law Firm Newswire) April 5, 2016 – A significant part of an estate plan can be the designation of a person’s IRA beneficiary. If an IRA account owner does not name a beneficiary, their heirs could be…
Estate Planning Law | Legacy March 31, 2016
If a Pension Is Part of a Retirement Plan, Consider an Annuity or Lump Sum, Says Andrew H. Hook, Virginia Retirement Planning Attorney
Virginia Beach, VA (Law Firm Newswire) March 31, 2016 – Some retirees and former employees have received offers from their employers to accept a lump-sum payment of their pension. This is an offer that they must consider very carefully because…
Estate Planning Law | Legacy November 6, 2015
Inheritance Guidelines: When a Younger Spouse Inherits an IRA
Virginia Beach, VA (Law Firm Newswire) November 6, 2015 – When a younger spouse inherits an IRA, it may be in the best interest of the spouse to continue being a beneficiary of the IRA. A beneficiary is not required…
Elder Law | Estate Planning Law | Legacy September 29, 2015
What to Do with Your 401(k) When You Change Jobs
Virginia Beach, VA (Law Firm Newswire) September 29, 2015 – A job change can be an opportunity to improve the state of one’s 401(k) plan, but it is important to avoid unnecessary fees and taxes during this process. With careful…