Bott & Associates, Ltd.

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…

What Papers Do You Need To Save? Sometimes it feels good to get rid of clutter. Cleaning out papers that you have kept for years is a good project if you no longer need the papers that you’re throwing out.…

What To Know About Organ Donation You may need an organ transplant if one of your organs fails or is damaged by disease or injury. During an organ transplant, doctors remove an organ from another person and place it into…

How To Divide Possessions Among Heirs It is easy to imagine that the death of a loved one brings families together in grief, but that’s not always the case. Sometimes, for example, the daughter of the deceased will announce that…

How To Plan Your Funeral in Advance No one likes to think about their own funeral, but it’s something that everyone will eventually need to plan for. You can let your family and friends concentrate on mourning, when the time…

Payroll Tax Rates and Contribution Limits for 2022 Below are federal payroll tax rates and benefits contribution limits for 2022. Social Security tax In 2022, the Social Security tax rate is 6.2% for employers and employees, unchanged from 2021. The…

A Fresh Look at Retirement Withdrawal Rules Due to a series of recent changes, and the possibility of future modifications, many people are understandably confused about the withdrawal rules on retirement accounts. Your RMD is the minimum amount you must…

If you’ve thought about moving during retirement, you’re not alone. In 2020, a record 400,000 American retirees moved into new residences. The reasons people move are as varied as their life circumstances. Some want to be closer to family whereas…

After a death in the family, it’s natural to feel overwhelmed. However, if you’re the next of kin or the agent of the deceased, you have responsibilities. The good news is that you can — and in some states you…