There has been a major change in retirement planning, which may affect your estate plan. The Setting Every Community Up for Retirement Enhancement (SECURE) Act was officially signed into law on December 20, 2019. The major changes of the Act include: Most inherited retirement plans are now subject to a 10-year mandatory payout (verses…
Southern California estate planning attorney Tony J. Tyre, the founder of The Law Offices of Tony J. Tyre, Esq., APC, appears on “So, What’s Your Problem?” radio show. “So, What’s Your Problem?,” on 790 KABC, is hosted by Stan Katzer. The show features guest professionals, such as Tyre, who offer intelligent advice and have a…
A recent report from the Alzheimer’s Association states that one in nine Americans age 65 or older currently have Alzheimer’s. With the baby boomer generation aging and people living longer, that number may nearly triple by 2050. Alzheimer’s, of course, is just one cause of dementia—mini-strokes (TIAs) are also to blame—so the number of those…
As we know, the holidays are a time for family and friends, when people travel far and wide to be with loved ones. With all the hustle and bustle of the holiday season, it’s important to plan for the unexpected. If you were injured in an accident and could no longer make decisions for yourself,…
If you are a veteran or the spouse of a veteran, then you may be eligible for VA pension benefits, and VA pension planning may be an option for you. VA pension benefits consist of monthly cash benefits paid to eligible wartime veterans or their surviving spouses and dependent children to help defray care costs….
As an attorney who practices primarily in estate planning, I often encounter people who ask, “Why do I need an estate plan?” I usually answer, “So your last wishes are carried out properly in the most timely and cost effective way possible.” However, this statement does not cover all aspects of estate planning. In my…
“Planning is bringing the future into the present so that you can do something about it now.” We plan to go on vacation. We plan to have dinner with friends. But when it comes to planning for how we will be taken care of as we advance in age, many of us prefer not to…