by Christine | Dec 22, 2014 | Asset Protection, Conservatorships, Estate Planning, Estate Tax, Estates, Guardianships, Living Trust, Probate, Tax Planning, Taxation, Taxes, Trusts, Wills |
State and federal estate and inheritance tax rates are what drive most people’s estate plans, but now that tax rates are falling and exemptions rising in many jurisdictions, how much people will leave their heirs isn’t what keeps them awake at night anymore. What they...
by Christine | Dec 19, 2014 | Asset Protection, Estate Planning, Estates, Inheritance Tax, Living Trust, Probate, Tax Planning, Trusts, Wills |
“Why do we care about these perpetual trusts?” Mr. Sitkoff said. “Because there’s a lot of money in them. Billions of dollars is pouring into these jurisdictions.” Perpetual trusts: good or bad? The principle of this tool is up for debate. Perpetual trusts allow trust...
by Christine | Dec 19, 2014 | Asset Protection, Estate Planning, Individual Retirement Accounts (IRA), Inheritance, Roth IRA, Tax Return |
These three questions merely scratch the surface of other factors that may need to be considered. Keep in mind that your estate at age 45 is likely very different from the one you’ll have at age 65 and 85 — your accounts change, you spend/inherit assets, and you...
by Christine | Dec 18, 2014 | Asset Protection, Estate Planning, Estates, Inheritance, Living Trust, Probate, Tax Planning, Trusts, Wills |
Adult children have historically expected to inherit from their parents while in their 40s or 50s, yet now many aren’t doing so until their 70s or even 80s, as their parents live into their 90s or beyond. When should you expect to receive your inheritance? According...
by Christine | Dec 17, 2014 | Asset Protection, Estate Planning, Estates, Living Trust, Probate, Tax Planning |
Taken all together, these steps might seem overwhelming. But if you do one task each day, you can really change your financial life by year-end. Is it too late in the year to get your finances ironed out? Fortunately, a recent article from kjrh.com, titled “7...
