Bott & Associates, Ltd.

With a series of recent changes, and some possible future modifications, many are confused about the withdrawal rules on retirement accounts. To start with, the SECURE (Setting Every Community Up for Retirement Enhancement) Act, which became law on Dec. 20,…

Bankruptcy Lawyer Chapter 13 bankruptcy requires you to pay back your debts through a three to five year repayment plan. One of the main benefits of Chapter 13 is that you get to keep your assets. However, getting through Chapter…

Estate Planning Lawyer Having a proper estate plan can ensure that your final wishes are carried out and that your loved ones are taken care of. However, there is still a lot of confusion about estate planning that may keep…

Rarely is divorce ever peaceful, however, some divorces are much more contentious than others. Spouses that are toxic when in the relationship are likely to show these same behaviors, but even more prominently, if you divorce them. Toxic people may…

Preventing Probate By Establishing an Estate Plan Rarely does anyone actually want their assets to go through probate, as it is a time-consuming, frustrating, and expensive process. Probate will be necessary if someone passes away without a will or estate…

What Is a Conservatorship — and Who Needs One? Recently, singer Britney Spears testified in court about the 13 years she spent in a legal structure called a conservatorship. In vivid testimony, she described her father and lawyers seizing control…

What Is Your Financial Personality? What are your attitudes about money? Consider which of these five categories your financial tendencies mirror: Saver. Savers save because having money makes them feel secure. They are wired to save rather than spend. When…

Estate Planning for High-Net-Worth Individuals and Families President Biden’s proposed infrastructure plan does not explicitly raise estate taxes. Instead, it ends the step-up in basis that wealthy taxpayers often use to minimize tax liability for inherited wealth. The step-up in…

How To Dispose of Assets Outside the Family Estate planning isn’t just about distributing your things after you’re dead; it’s about the relationships you’ve established in your life. It’s difficult to face your own mortality, but it’s important to make…