Charitable Remainder Trusts may be Solution to Stretch IRA loss

The SECURE Act killed the stretch IRA. However, a properly constructed charitable remainder trust can deliver similar benefits, with some caveats.

June 6, 2024

Understanding the differences between ABLE Account and Special Needs Trust

Special needs planning can make a world of difference for disabled loved ones. Leverage ABLE accounts and Special Needs Trusts to care for them, even when you’re gone.

June 3, 2024

Key Estate Planning Strategies for Executives

Executives manage complex financial landscapes while striving for professional success, creating unique estate planning goals and challenges. This article explores estate planning for executives, key considerations and an executive’s unique goals.

May 23, 2024

Maximizing Tax-Free Giving to Children

Affluent estate owners are opting to support their children and grandchildren financially during their lifetimes. We explore three strategies that can maximize tax-free giving to consider in your estate planning.

May 21, 2024

New IRS Tax Rule affects Irrevocable Trusts in Estate Planning

Capital gains taxes are the heart of the IRS Rule 2023-2 changes. Individuals pay taxes on the difference between an asset’s purchase price and a higher sell price as that asset’s value grows over time. When creating or updating an estate plan, you must consider the new IRS rule.

April 19, 2024

Do You Pay Taxes on Wedding Gifts?

Even if you clearly don’t owe taxes, you may have to report gift amounts should you give more than $18,000 in 2024 to a specific individual.

April 9, 2024

IRS may End Irrevocable Trust Decanting

For years, practitioners have freely used irrevocable trust decantings as a means to make various changes to irrevocable trusts without concern of giving rise to gift tax consequences.

March 25, 2024