Difficulties You May Have After Inheriting IRA As A Non-Spouse
Inheriting an Individual Retirement Account (IRA) is not easy if you aren't the spouse of the deceased person. The actual inheritance is not difficult, but there are legal hurdles, requirements and rules that you have to follow. Failure to follow these regulations may attract potential tax penalties and even delay your receipt of the funds. For example, you: Need to be Careful with Year of Death Distribution There is a minimum amount of money, known as the required minimum distribution (RMD), which every account holder above the age of 70½ is supposed to take out every year.
Keep It Kind: A Guide To Talking To Your Ex During A Custody Dispute
No matter how you deal with your divorce, the most challenging part of it is likely to be sorting out custody of your children. If you are convinced that you are the only parent who can provide adequate care for your kids, your lawyer can help you do what it takes to document your reasons why and support those claims. Meanwhile, you still must deal with your ex, so here is the best way to establish communication that ensures your children can have the easiest transition to life after a divorce.
Tips To Help You Focus Your Visitations On The Child
Issues surrounding child custody can get so contentious that parents forget what they were fighting about in the first place – the child. Child custody and visitation is not about upstaging your former partner, or "denying" him or her time with his or her little one. You should be fighting to ensure that the child gets the best of both worlds here are a few tips to help you achieve child-centered visitation:
The Challenges Of Divorcing In A Foreign State
You probably know that you don't have to divorce in the state in which you were married; you can divorce in a foreign state. However, divorcing in a foreign state has its challenges, and you should be aware of them before submitting your petition. Here are three of the most important issues to know: Residency Is Required One of the first things you will need to prove is that one of you is a resident of the state in which you wish to file your divorce forms.