Insight on Estate Planning

The AP&S Trusts & Estates Blog

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The Clock is Running

By Joseph R. Marion, III and David T. Riedel on February 28, 2020

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

By Joseph R. Marion, III and David T. Riedel on February 28, 2020

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”

By Joseph R. Marion, III and David T. Riedel on February 28, 2020

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.
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