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Protecting Nazi Restitution Funds
Knowing how to protect Nazi restitution funds
can be very important for Holocaust survivors.
In 2011, it was estimated that there were still
approximately 125,000 Holocaust survivors living
in the U.S. Given the ages of those affected, this population is declining markedly each year. Nonetheless, there are significant legal protections for funds received by victims of Nazi persecution, so for those who receive such restitution payments, it is critical to be aware of these protections when such cases do arise.
Click here to continue reading Attorney Bloom's article. |
Moving Exhibit about Deinstitutionalization and Community
This Wednesday, MAB Community Services will host a moving exhibit about deinstitutionalization and community, told through the portraits and stories of individuals with developmental disabilities or brain injuries and their families. The program will take place on Wednesday, January 30th, from 4:00 to 6:00 p.m. at the State Transportation building, located at 10 Park Plaza. |
Round Table Breakfast Seminar with Attorney Margolis
Harry S. Margolis will lead a discussion Family Caregiving, Intergenerational Living Arrangements and Family Loans at the Boston Estate Planning Council Round Table Breakfast. This program, for members only, will take place on Tuesday, February 5th, from 7:30 to 9:30 a.m. at the University of Massachusetts Club on 225 Franklin Street. Click here to read more on the event and to register. |
What to Do With an Inherited IRA
Inheriting an IRA is a good thing, but there can be tax consequences if you aren't careful.
IRAs are personal savings plans that allow you to set aside money for retirement and get a tax deduction for doing so. Earnings in a traditional IRA generally are not taxed until distributed to you. At age 70 1/2 you have to start taking distributions from a traditional IRA. But those inheriting IRAs (except for spouses) must begin taking withdrawals earlier and if not handled properly can result in early liquidation and taxes. If you inherit an IRA, you should check with an attorney or financial advisor as soon as possible to find out your options.
Click here to learn more. |
