McCafferty Law LLC

After 40 years of practicing law, Mike McCafferty is retiring!

The law firm of Larson & Brown, P.A. will be assisting Mike’s clients with their estate planning needs after May 23, 2022.
“Tim, Logan, and their staff will be an excellent “fit” for my clients. I think that Larson & Brown’s familiarity, experience, size, knowledge, and convenient West Wichita location make them the perfect fit for my clients.”
For more information on Larson & Brown
https://www.facebook.com/larsonbrownlaw
https://www.larsonbrown.law/michael-mccafferty-acquisition/

How Do I Talk to My Parents About Estate Planning?

How Do I Talk to My Parents About Estate Planning? “If you have a parent over the age of, say, 65, thoughts about their future may have started to creep into your mind. But because end-of-life planning can be emotional and overwhelming, it’s tempting to put these conversations off — and even more pleasing to avoid them altogether. If there’s...

What are Penalties When Contributing to or Withdrawing From Retirement Accounts?

What are Penalties When Contributing to or Withdrawing From Retirement Accounts? “Building and living off a nest egg is tough. However, you can make the situation even more difficult if you run afoul of some key laws governing retirement accounts.”

Why Should I Give My Money Away?

Why Should I Give My Money Away? “Everyone likes money, right? Giving money to family or friends can also be a smart tax planning move.”

What are My Responsibilities if I’m Named an Executor?

What are My Responsibilities if I’m Named an Executor? “If a loved one asks you to be the executor of their estate, think carefully before you take on this responsibility. While you have the option of declining the request, the person reaching out likely considers you to be responsible and detail oriented. An executor of an estate typically helps file...

What are Proposed Changes to Vets’ Disability Ratings?

What are Proposed Changes to Vets’ Disability Ratings? “Proposed changes to the Department of Veterans Affairs disability ratings system will mean lower payouts for veterans with sleep apnea and tinnitus in the future. However, there will be higher payouts for veterans facing mental health challenges, like post-traumatic stress disorder and depression...

Can I Split My Inheritance with My Sibling?

Can I Split My Inheritance with My Sibling? “In order to give your brother half of the assets in the IRA, you will have to liquidate a portion of the account and pay the taxes on the liquidated amount if it’s a traditional IRA.”

Is a Will enough for me?

Is a Will enough for me? “If you die without a will, you die “intestate” and your assets will be distributed according to your state’s law. That could result in a distribution you didn’t intend.”

Estate Planning Tools and the Ones You Must Have

Estate Planning Tools and the Ones You Must Have “Like DMX and Prince, many Black Americans have failed to participate in the estate planning process.”