It Can Be an Unpleasant Surprise but a 401(k) Is Taxable

It turns out as a surprise to some retirees but the withdrawals from a 401(k) are taxable. However, it is important to remember that the contributions are beneficial, because they lower taxable income, according to Market Watch in “How 401(k) savers can avoid a nasty surprise come retirement.” However, there’s always payback where Uncle Sam […]

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Ask Your Parents about Their Financial Plans

The key to learning about the financial plans of your parents, is to ask for advice on your plans and then ask about their plans, according to “Ask your folks about their financial plans.” Start by explaining your own plan, how you’ve decided to set up your estate and then ask what they’ve done for […]

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Surprenant & Beneski, PC discusses five devastating mistakes in special needs estate-planning.

Five Devastating Mistakes in Special Needs Estate-Planning

Estate planning is essential for every family, but especially for families with members who have special needs. When a caretaker passes away, there must be a plan in place that provides for the continued care of a special needs individual. Unfortunately, individuals who fail to consult a Massachusetts special needs planning attorney can make devastating […]

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Surprenant & Beneski, PC discusses five asset protection strategies for high net worth estates.

Five Asset Protection Strategies for High-Net-Worth Estates

The main goals for many individuals preparing an estate plan are protecting assets for future generations, reducing estate taxes, and exercising control over how their estate is distributed. For high-net-worth estates, advanced planning is essential to achieve those goals and other goals individuals might have for their estate. A Massachusetts estate-planning attorney can devise strategies […]

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Surprenant & Beneski, PC gives an overview of elder financial fraud.

Focusing on Elder Financial Fraud

Because seniors are particularly vulnerable, they are at a higher risk of being exploited financially. When seniors are forced to manage their own retirement funds while coping with an array of health issues, the potential of being victimized by financial fraud is high. If you or a loved one has been the victim of elder […]

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Surprenant & Beneski, PC discusses the best ways to plan your estate after a divorce.

Planning Your Estate After A Divorce

Going through a divorce is a difficult transition that involves a number of considerations, not the least of which is how to divide the marital property. During this trying time, it is important to control your emotions and maintain your objectivity. Once the divorce is settled, it is also crucial to revisit your estate plan. […]

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