The SECURE Act was signed into law on December 20, 2019, and significantly changes estate planning choices for retirement benefits. With the SECURE Act there are generally three categories of beneficiaries. This article will briefly address a category known as eligible designated beneficiaries which has 5 subcategories. These categories include: 1. The surviving spouse of…

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Image of Tom Bayles with words that say ASK TOM with Tom's email asktom@jensenbayles.com

No matter the reason for divorce it is always emotionally taxing and comes with a long list of things to do. It is important to have all of your ducks in a row and accounted for while undertaking the long process. One update that might not cross your mind during this time is your estate…

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Image of Tom Bayles with words that say ASK TOM with Tom's email asktom@jensenbayles.com

Estate planning is an ongoing process that needs to evolve with you as your family and circumstances change. Some things that are likely under your control are: the growth of your estate, getting married or starting a business, or choosing to relocate to another state. Other situations which are not in your control may include:…

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A Time to Give: If one spouse has a catastrophic illness or is trending in that direction (say due to declining ability to keep track of things), it is a time to consider large gifts.  The gifts are expedient if there is no resource with which to pay nursing home care as the sick spouse…

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