The Pollock Firm LLC is pleased to announce that Merideth E. Ketterer, Esq. has joined our firm as an associate attorney. Merideth grew up in Hanover, Pennsylvania and graduated cum laude from Temple University in 2016 with a B.A. in Strategic Communication and a minor in Business Studies. In 2019, she received her Juris Doctor degree from Temple […]
This year, it’s more important than ever to have your children prepare a Living Will before going back to college.
Attorney Jessica J. Sauer, Esq. admitted to practice law in PA; Jessica Sauer focuses on Wills, Trusts, Estates, and Guardianship work.
One of the most common questions I get as an estate planning attorney is whether clients should name TOD beneficiaries on an account or transfer it a Trust. A TOD beneficiary designation means “Transfer on Death”. Some financial institutions also call this a POD designation (or “Pay on Death”). Usually the people who name TOD […]
On April 14, 2020, Governor Murphy signed a new law into effect to help during the pandemic. The new law in NJ allows Remote Online Notarization. Unfortunately, the law was not drafted for the purpose of signing estate planning documents… and it shows. Essentially, we can now notarize Wills, Powers of Attorney, Health Care Powers […]
To our valued clients and professional family: The Pollock Firm LLC shares your concerns about the ongoing Coronavirus (COVID-19) outbreak. Since it is clear that, for the foreseeable future, we must all change how we lead our daily lives and interact with others, we wish to take a moment to discuss the impact on our […]
There are many reasons to create a Will. Overall, it makes it must easier and cheaper to handle your affairs after you pass away. Here are some specific reasons for a Will: General Benefits of Having a Will It ensures a clear WRITTEN clear plan for the distribution of assets after your death. Provides proof of […]
The new law specifically allows retirement money that is paid to a Special Needs Trust for a disabled person to be paid out over the lifetime of the disabled person. Whereas, retirement money paid to most adults that is not disabled must be withdrawn over ten years. Accordingly, it may actually be MORE tax efficient now to name a Special Needs Trust as beneficiary of an IRA.
The Secure Act makes major changes to the rules for inherited IRAs, 401(k)’s, ROTHS, and other deferrable retirement accounts. Effective January 1, 2020, most non-spousal beneficiaries will be required to withdraw an inherited retirement account within 10 years from the date the original owner dies.