Estate Planning Pitfall: You’ve Amended Your Will Yourself
Let’s assume you have a legally valid will but you’ve decided that it should be revised because of a change… Read More
Category: Newsletter
Estate Planning Pitfall
Pet trusts have been around for decades, but they’ve been gaining in popularity the last few years. In fact, they’re now available anywhere in the country. This brief article explains how a pet trust works.
The Clock is Running
Roth IRAs offer significant financial and estate planning benefits. If a person has a substantial balance in a traditional IRA and is considering converting it to a Roth IRA, there may be no better time than now. This article explains how the Tax Cuts and Jobs Act both enhances the benefits of a Roth IRA and reduces the cost of converting.
7 Deadly Estate Planning Sins
According to literature, the “seven deadly sins” are lust, gluttony, greed, laziness, wrath, envy and pride. Although individuals may be guilty of these from time to time, other types of “sins” can be fatal to an estate plan if one isn’t careful. This article details seven transgressions to avoid.
IDGT: This Trust is Supposed to “Fail”
Trusts come in all shapes and sizes. However, from an income tax perspective, there are basically two types: grantor trusts and nongrantor trusts. An intentionally defective grantor trust (IDGT) has the best attributes of both trust types. This article explains how an IDGT works. A sidebar discusses the ins and outs of selling assets to an IDGT.
Insight on Estate Planning
It’s important to name executors and trustees who can provide the necessary expertise in handling assets and duties. And, while… Read More
Insight on Estate Planning
We are pleased to present the Year End 2019 issue of Insight on Estate Planning We encourage you to read through… Read More
Insight on Estate Planning
Do you know the differences in estate tax law for couples when both spouses are U.S. citizens vs. when one… Read More
Insight on Estate Planning
In today’s uncertain world, it’s more important than ever to have an up-to-date, tax-smart estate plan. Insight on Estate Planning… Read More
