With 2 full-time Spanish-speaking assistants, we are also able to provide excellent service to Spanish-speaking clients. Our bilingual staff allows us to work directly with a diverse client base as well as experts and witnesses who may offer vital input or testimony in your case.
|
Contact us for a free Consultation
We can assist you with your business, contract and family law. We look forward being your attorney of choice for all you legal needs -
Click here
Locations:
64 Holmes Ave.
Waterbury, CT 06710
28 North Main St. Suite 201
West Hartford, CT 06107
Phone: 203-755-0018
Fax: 203-755-0036
|
|
|
We want to thank all of you who take the time to read the news letters we are sending and we hope that you are finding the information beneficial. At Tindall Law Firm, LLC we enjoy sharing valuable tips regarding the law; offering articles on hot issues in the law; commenting on topics of interest; and helping you navigate the tricky world of the law, which is ever changing.
At any time if you have any questions on any of the materials you find in our newsletter or any other legal issues, please do not hesitate to contact me. If there is any legal issue of interest that you would like to see addressed in our newsletter, please let us know.
We value your feedback very much. We treasure our clients very much and we aim to treat each of you as a member of our family and with a commitment to excellence, zealous advocacy on your behalf, and quality service.
All the best,
Attorney Tavis Tindall
|
|
Charitable Giving: Now or Later?
|
The article below provides useful information regarding charitable donations that you may consider making and the rules pertaining to them.
As the end of the year gets closer, many taxpayers attempt to streamline their finances to ensure that transactions that can be deducted on their tax returns are completed in a timely way. This includes making gifts to charities. Do you plan to include your retirement assets in charitable donations? If so, consider how it may affect your finances. In some cases, it can be more beneficial to name the charity as a designated
beneficiary of your retirement account, rather than gifting the assets during your lifetime. Here we highlight some of the issues to consider when you think about gifting your retirement assets to charity.
Should You Gift Now or at Death?
Instead of gifting your retirement assets to a charity during your lifetime, you may designate the charity as the beneficiary of your retirement account. Under this option, the charity - not you - will be treated as receiving the distribution; therefore, neither you nor your estate will owe income taxes on the amount. While the amount will be included in your
taxable estate, your estate will receive a deduction for the amount inherited by the charity, resulting in an offset of the
estate taxes. Furthermore, because charities do not pay income taxes on the donations they receive, the distribution will avoid being taxed as income.
If you decide to designate a charity as the beneficiary of your retirement account, you may want to do the following:
- Check with the plan administrator or financial institution to determine whether it has any restrictions on designating charities as beneficiaries for retirement accounts.
- If you are married, check with your plan administrator or financial institution to determine whether or not your spouse must consent to the designation. Failure to obtain spousal consent could result in a disqualification of the beneficiary designation, should it be determined that spousal consent was required.
- Make sure that the plan administrator or financial institution receives a copy of your beneficiary designation by requesting a written confirmation of receipt.
- Make sure that the individuals responsible for handling your financial affairs receive a copy of the beneficiary designation, or know where to find it when necessary.
Caution: If a charity is one of multiple beneficiaries for your retirement account, it may have a negative impact on the stretch options that are available to your other beneficiaries. For instance, if you should die before your
required beginning date, your other beneficiaries will be required to distribute the assets by Dec 31 of the fifth year following the year of your death. This can be resolved by one of the following means:
- Establishing separate retirement accounts for each beneficiary. Thus, the charity's lack of life expectancy will not affect your other beneficiaries.
- The charity cashing out its portion of the inherited assets by Sept 30 of the year following the year you die. Under this rule, beneficiaries that receive a full distribution of their portion by Sept 30 are disregarded for the purposes of determining the life expectancies that affect distribution options.
At Tindall Law Firm, LLC, we are your local legal resource in Connecticut. With 20 years of experience, Attorney Tavis Tindall has the knowledge and skill handle your legal question. For a free consultation, please call 203-755-0018 or contact us online.
|
|
Holiday Parties
If you are thinking of holding a Halloween party for friends or colleagues, keep in mind that if you're going to be serving alcohol at your party, you may be held responsible for your guests' actions. In some cases, the host can be left responsible for a drunken guest's behavior even if it's after the guest has left the party.
For instance, if an attendee leaves the party drunk and causes a car accident, you can be held responsible.
So be mindful of this when throwing a party for Halloween or for any of the upcoming seasonal parties.
|
At Tindall Law Firm we work hard for clients every day. We all want to see clients receive the justice and compensation they deserve. I hope you all have had a great summer and are looking forward to the fall season.
As a family-based business, our staff is close, and we extend that friendly, caring attitude to our clients. We treat our clients as if they are our own family and truly care about them as more than just a number. It is this quality along with superior service and competent representation that has allowed us to become the "lawyer for life" for all of our clients and their families and friends to whom they refer us.
Sincerely,
Tavis Tindall
Tindall Law Firm, LLC
|
|
|
