Inheriting 401(k) Assets? New Opportunity Awaits
If you are the beneficiary of a parent’s 401(k) plan, you may be entitled to receive a large lump-sum distribution from the plan. Normally, the 401(k) will require you to take the payout within a year of the plan participant’s death.  MORE>>
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Estate Planning: Cue the QTIP Trust
For affluent individuals, estate planning remains a concern—especially those who have been married more than once. Reason: Assuming you pass away first, you will probably want to benefit both your surviving spouse and the children of your first marriage. This can be tricky in light of the current $2 million estate-tax exemption. In this situation, a qualified terminable interest property (QTIP) trust may meet your needs.  MORE>>
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Collecting Debts Owed to Your Business
It’s an age-old problem: how to get customers or clients to pay on time. If you do nothing, probably nothing will happen. Caveat: Before you take any drastic measures, make sure you operate within the boundaries of the law. This includes both federal law—including the Fair Debt Collection Practices Act and related legislation—as well as any state and local restrictions.  MORE>>
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Memphis Office:
Watkins Uiberall, PLLC
6584 Poplar Avenue, Suite 200
Memphis, TN 38138-3686
(901) 761-2720
(901) 683-1120 FAX
www.wucpas.com

 Tupelo Office:
Watkins Uiberall, PLLC
499 Gloster Creek Village, Suite F-9
Tupelo, MS 38801
(662) 269-4014
(662) 269-4016 FAX
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If you have any questions, please call us at (901) 761-2720, (662) 269-4014 or email info@wucpas.com