- Of Counsel
The SECURE ACT changes the age for required minimum distributions (RMDs) for traditional IRAs from 70 ½ to 72. The new rules allow an individual of any age to make contributions to a traditional IRA, as long as the individual has earned income from wages or self-employment. The Act also affects beneficiaries of inherited IRAs. Other than a few exceptions, inherited IRAs (for deaths of IRA owners on or after 1/1/2020) are now required to be completely distributed within ten years following the death of the original account owner. In view of this significant change for inherited IRAs, estate plans put in place prior to the SECURE ACT may need to be revisited. Read more here.
Priscilla will be supporting all areas of our practice, but particularly litigation and local government practice groups. Priscilla comes to MG&P from Ansell Grimm & Aaron PC where she concentrated her practice in Community Association Law and Litigation. Prior to joining Ansell, she handled insurance defense cases. Priscilla received a dual degree from Syracuse University’s Maxwell School of Citizenship and Public Affairs and her Juris Doctor from Seton Hall University School of Law.
It was great to see the girls running and the community cheering them on. The bi-annual 5K race is a celebration of the participants completing the Girls on the Run curriculum, a life-changing program for 3rd through 8th grade girls that focuses on self-confidence, healthy relationships and feeling good about themselves. MG&P has sponsored Girls on the Run of Central New Jersey for many years and are so pleased to be able to sponsor them again this Spring. Nicole M. Sciotto, Esq.
On June 23, 2022, Mason, Griffin & Pierson, PC, Director, Edwin W. Schmierer, Esq., moderated a panel discussion presented by Affordable Housing Professionals of New Jersey (AHPNJ) concerning the status of affordable housing delivery for the Third Round and preparation for the Fourth Round which commences July 1, 2025. Mr. Schmierer is the President of AHPNJ. The panelists included a representative from the Fair Share Housing Center, former Executive Director of the New Jersey Housing and Mortgage Finance Agency, the Chief of Multifamily Program for NJHMFA and a professional planner who has served as a Special Court Master in 40 plus municipalities for the implementation of Third Round Affordable Housing Plans. Mr. Schmierer chairs the firm's Government Practice Group which represents over 30 municipal governing bodies, land use board and affordable housing committees throughout the State of New Jersey.
On December 5, 2022, the MG&P team participating in an office lighting of luminaries to support the Communities of Light(tm). The Womanspace 21st Annual Communities of Light(tm) candles line the streets of central New Jersey - a powerful symbol of hope for men, women and children impacted by domestic violence, sexual assault, and human trafficking in our community. Communities of Light raises awareness of the services available to help those victims in Mercer County. The luminaries help spread the important message that Peace Begins at Home. Womanspace, Inc. is a leading nonprofit agency in Mercer County, New Jersey, that provides a comprehensive array of services to individuals and families impacted by domestic and sexual violence and dedicated to improving the quality of life for adults and their families. Programs include crisis intervention, emergency shelter, counseling, court advocacy and housing services.