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Don't Have a Will? What Happens to Your Estate?

Posted by Paul D. Woodard | Apr 18, 2017 | 0 Comments

Many people make the mistake of thinking that a will is only necessary for individuals with complex estate plans. This is a common misconception. However, there is a reason that a will is one of the simplest estate planning tools available to Californians. Anyone can benefit from having a last wi...

5 Steps to Avoid Family Inheritance Disputes

Posted by Paul D. Woodard | Apr 12, 2017 | 0 Comments

Estate plans are set up to ensure family members will be provided for after a loved one passes away. Unfortunately, in spite of the decedent's best intentions, disputes involving a family inheritance can tear a family apart. Family estate disputes can be caused by a number of issues. Disputes can...

PIN Rejections While E-Filing

Posted by Paul D. Woodard | Apr 10, 2017 | 0 Comments

After spending hours of time plugging in numbers on a tax website or using tax-prep software, you are finally ready to submit your return. Before you can submit your return, you are prompted to enter your PIN number. However, a few hours later, you get a notice that your return was rejected becau...

How to File for a Tax Extension

Posted by Paul D. Woodard | Apr 07, 2017 | 0 Comments

The deadline for filing your 2016 tax return is only days away. Tax returns for tax year 2016 are due by April 18th, 2017, which is a Tuesday. If your taxes are relatively simple, you may still have the ability to timely file your taxes, either by mailing in your tax return or via electronic fili...

ESOP Presentation at NCEO Annual Conference

Posted by Marc S. Schechter | Apr 05, 2017 | 0 Comments

Today, I am presenting in Denver, Colorado at the National Center for Employee Ownership (NCEO) 2017 Annual Conference on How ESOP Companies Utilize Their Equity Value to Sustain Long Term Employee Ownership. The annual conference is designed to provide learning and networking opportunities with ...

Deadline for IRA Contributions for 2016

Posted by Paul D. Woodard | Mar 31, 2017 | 0 Comments

Did you contribute towards an individual retirement account (IRA) in 2016? If you answered no, do not worry, you still have time. You have until April 18, 2017, to contribute to an IRA and have the contribution apply to the 2016 tax year. The clock is ticking…

The Top Three Retirement Plans for Small Businesses

Posted by Corey F. Schechter | Mar 27, 2017 | 0 Comments

Contributing Author: Dianne L. Schechter There are quite a few different retirement benefit plan options out there--and many of them are specifically designed for small businesses.  Let's go over the essentials so you can make a great decision for your company. Three options stand-out depending...

Leaving a Heritage Not Just an Inheritance

Posted by Paul D. Woodard | Mar 24, 2017 | 0 Comments

After a lifetime of hard work and building a comfortable life for you and your family, there comes a time when you will have to plan for what happens after you pass away. As the old saying goes, when it comes to money, property, and belongings, you can't take it with you. However, rather than jus...

Dodd-Frank and the Fiduciary Rule

Posted by Corey F. Schechter | Mar 21, 2017 | 0 Comments

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was intended to regulate parts of the financial industry to reduce risk, increase accountability, and protect consumers. The law was, in part, a reaction to the most recent recession, with the goal of reducing the likelihood of...

Should I Serve as an Executor?

Posted by Paul D. Woodard | Mar 17, 2017 | 0 Comments

Accepting the job of being an executor can be a mixed blessing. An executor, also known as a personal representative, is the person who has the legal responsibility to take care of a deceased person's estate after they pass away. Before accepting the duties and responsibilities of an executor, ma...

403(b) Plans

Posted by Paul D. Woodard | Mar 16, 2017 | 0 Comments

Today, employers may offer many different retirement plan options to their employees as a benefit to employment. Between a 401(k), 403(b), and 457(b), it can be difficult to keep track of what a particular code plan is and if it is right for you. With so many IRS codes and acronyms floating aroun...

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Retirement Plans

We help establish a customized plan that meets regulatory requirements as a tax qualified plan. Following implementation, our attorneys can assist clients and their plan administrator with regular reviews and updates to help with regulatory compliance for the plan's operation, and continued effectiveness in meeting the client's specific goals.

ESOPs

We are dedicated to employee ownership. When you come to us for ESOP services, you receive influential legal counsel who stand beside you to help you stay informed, in compliance, and abreast of the latest developments-all to help you realize your plan goals as fully and effectively as possible.

QDROs

A QDRO is a specially designed court order that is required for the division of retirement benefits in a family law case. Many family law attorneys do not possess the expertise necessary to divide retirement benefits or stock options upon divorce. We have extensive experience in dividing qualified plans, government plans, IRAs and stock options between the employee spouse and non-employee spouse.

Butterfield Schechter LLP provides the information in this website as a service to its clients and visitors to the site. This website is for information purposes only and is not intended to create, and receipt of it does not constitute, an attorney-client relationship. The information in this website is provided "as is," and while the information in this website is updated periodically, additional facts or future developments may affect subjects contained herein, and no guarantee is given that the information provided is correct, complete, or up-to-date. Seek the advice of professional counsel before acting or relying upon any article, form, or information in this web site. To ensure compliance with the requirements imposed by the United States Treasury and the Internal Revenue Service, we inform you that any federal tax advice contained in this communication is not intended or written to be used, and cannot be used, for the purpose of: (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing, or recommending to another person any transaction or matter addressed herein. Butterfield Schechter LLP has endeavored to comply with all known legal and ethical requirements in compiling this website. In the event that this communication does not conform with any laws or regulations of any state or country in which it may be received, Butterfield Schechter LLP will not accept legal representation based on this communication from a person in such a state or country. Electronic mail is provided as a convenience in communicating with the attorneys at Butterfield Schechter LLP. Contact by e-mail does not alone create an attorney-client relationship. Please remember Internet e-mail is not secure and messages sent to the firm or any of its employees or attorneys should not contain sensitive or confidential information. Thank you for visiting our site.

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