Avoid Naming a Trust as Beneficiary of Your IRA
It’s generally a bad idea to name a trust as beneficiary of your IRA.
March 10, 2021
Family Farm Requires Complex Planning
Planning is one of the most important aspects of managing any business. This is especially true for farms and agribusinesses, due to their complexity and the inherent uncertainties associated with agriculture.
March 9, 2021
Donor Advised Fund is a Win-Win for All Concerned
Funded with cash or other assets, donor-advised funds give charitably minded investors control of when and where their funds are distributed.
March 3, 2021
The Generation-Skipping Tax Can Make A Big Impact
Estate planning can help you pass on assets to your heirs, while potentially minimizing taxes. When gifting assets, it’s important to consider when and how the generation-skipping tax transfer (GSTT) may apply.
March 2, 2021
Extend IRA distributions with a Charitable Remainder Trust
Charitable remainder trusts give you more options and more control on how your heirs inherit, now that the “stretch” IRA is a thing of the past.
March 1, 2021
You Need To Review Beneficiary Designations
When it comes to your retirement accounts, do you know who your beneficiaries are? These types of accounts have complex distribution rules and significant tax implications for those who inherit them. This complexity is compounded, if there are errors or missing information on your beneficiary forms, as is often the case. Add to this the game-changer SECURE ACT, the largest retirement legislation that has been passed in decades—and there has never been a more important time to review your beneficiary forms.
February 26, 2021
A Health Savings Account Can Be A Great Help
Open an HSA in minutes to help you save on taxes, cover medical expenses and grow your retirement nest egg.
February 25, 2021
Should You Sell Your Life Insurance Policy?
When a life insurance policy is no longer wanted or needed, many policy owners either abandon their policy by not paying the required premium or surrender it back to the carrier. In either situation, the insurance carrier wins, and the policy owner is stuck holding the empty bag.
February 24, 2021
Don’t Fail to Fund Your Trust
Revocable trusts are a very popular and effective estate-planning tool. However, the trust will be ineffective, if you do not actually place your assets in the trust.
January 29, 2021
An Irrevocable Trust may be a Good Idea
Like a lot of estate planning vehicles, irrevocable trusts work very well for some purposes—particularly for tax avoidance and asset protection—and not so well for other purposes.
January 18, 2021