IRAs can be used to make Charitable Bequests
There’s a tax-smart way to make bequests by using assets from individual retirement accounts at death.
October 3, 2022
How Do Inherited IRAs Work?
When someone dies with money left in an Individual Retirement Account (IRA), the funds can get passed on to the person’s loved ones through an inherited IRA.
September 14, 2022
Estate Planning should include Consideration of Income Tax
Avoidance of estate taxes is one consideration in estate planning.
August 23, 2022
Dynasty Trusts offer more Control over Assets
One type of trust, the qualified perpetual trust, can be used to pass assets down to your beneficiaries, decade after decade.
August 15, 2022
Mistakes to Avoid with Beneficiary Designations
Here are five critical mistakes to avoid when dealing with your beneficiary designations.
August 11, 2022
IRS Extending Time to File Portability Exemption
The IRS issued a revenue procedure (Rev. Proc. 2022-32) Friday that allows estates to elect ‘portability’ of a deceased spousal unused exclusion (DSUE) amount as much as five years after the decedent’s date of death.
August 9, 2022
Business Interests are better Protected by Trusts
No matter what industry you might be in, what your long-term goals might be, or how your business is structured, you know that you need to be planning for the future.
July 26, 2022
Marital Trusts have multiple Benefits
If you’re married, you may be wondering what happens to your assets once you or your spouse passes. The answer to that question depends on various factors, including whether or not you have a marital trust.
July 25, 2022
Your Estate Plan should incorporate Asset Protection
Perhaps the largest number of people who may benefit from asset protection planning are those who are at most mildly concerned about asset protection issues, or not even aware of the need for such planning.
July 20, 2022
Strategies to reduce Generation-Skipping Transfer Tax
Due to recent tax law changes, your family may be able to avoid adverse federal estate tax consequences when you leave assets to your adult children.
June 29, 2022