The National Pension System (NPS) lets people over 60 plan for a stress-free life after they retire. Anyone can opt for this scheme and make a normal exit by utilising at least 40% of their corpus to purchase an annuity plan. The remaining 60% can be withdrawn as a lump sum. In this blog, you … Read more
Have you ever wondered if naming a beneficiary on your accounts protects your wishes after death, or if your spouse could still claim those assets? This is a common concern in estate planning, and the answer isn’t as straightforward as you might think At our law firm we often see clients confused about whether their … Read more
Solicitors executors costs can often be confusing, especially when dealing with the administrative complexities of the probate process. These costs encompass various aspects related to the executor’s role, which includes managing and settling the estate, appraising assets, paying debts, and distributing assets as per the deceased’s wishes. Here’s a brief overview of what you need … Read more
Can You Actually Do a Backdoor Roth If You’re Married Filing Separately? Let’s cut to the chase No, you cannot do a backdoor Roth IRA if you’re married and filing your taxes separately I know this might be disappointing news for many couples who choose this filing status, but unfortunately, the IRS rules are pretty … Read more
Check your State Pension forecast to find out how much you could get when you reach State Pension age. It also shows your National Insurance record. The full rate of new State Pension is £230.25 a week. Your amount could be different depending on: Navigating the world of state pensions can be confusing especially when … Read more
When clients consider purchasing commercial property through a Self-Invested Personal Pension (SIPP) or Small Self-Administered Scheme (SSAS), VAT is often overlooked in the initial planning stages. However, Value Added Tax can have significant financial implications on your property investment strategy. As a SIPP specialist with years of experience helping clients navigate these complex waters, I … Read more
There is a big difference between investing in your 40s or 50s and investing when you are 80 years old. Many older people waste their hard-earned cash by either taking too many risks or being too cautious, leaving their money behind as prices rise. You’ve come to the right place if you want to know … Read more
A $300,000 annuity pays about $1,924/month for a 65-year-old male or $1,834 for a woman with an immediate lifetime annuity. Payments vary based on age, type and customizations. Heres how to estimate monthly payouts for your unique needs and long-term financial goals. Looking to secure your retirement with a steady income stream? You’re not alone! … Read more
Discover the steps involved in closing probate and ensuring a final distribution of assets. Read on for tips on how to navigate the process smoothly and efficiently. Probate is an important legal process that administers an estate of an individual who passed away. It has several important steps that must be taken before it can … Read more
Managing assets like real estate in an irrevocable trust can sometimes present challenges, but trusts also provide many benefits. Selling a home held in an irrevocable trust is possible, though it requires following specific guidelines to ensure the process is handled correctly. At Casey Lundregan Burns, P. C. , we have spent generations guiding families … Read more