by Christine | May 10, 2013 | Budget, Dynasty Trust, Estate Planning, GRATs, Intentionally Defective Grantor Trust (IDGT), Obama |
… The new budget proposal targets various estate planning tools utilized by taxpayers in an effort to limit tax loopholes and generate revenue In the midst of the budget battlefield, many estate planning attorneys are closing watching the President’s budget proposal....
by Christine | May 9, 2013 | Estate Planning, Obamacare, Taxes, Trusts |
So make sure the trustee is one of the officers of the company, which in a family business is pretty likely anyway, and you are all set right? Not so fast according to the IRS’ Associate Area Counsel who authored TAM 201317010. Trusts can accomplish...
by Christine | May 8, 2013 | Beneficiary Forms, Estate Planning, Estate Tax, LIfe Insurance, Trusts, Wills |
Consider the people who fill out forms designating who inherits assets like an insurance policy and then never go back and revise the forms when, for instance, they divorce and remarry. And then, there are the parents who have not determined who will serve as...
by Christine | May 7, 2013 | Beneficiary, Elder Law, Individual Retirement Accounts (IRA) |
If the IRA owner died before their RBD, there is no year of death RMD that you need to take. However, if the IRA owner died after their RBD, there may be an RMD that you as their beneficiary have to take that year. When a loved one is no longer with us, do all of...
by Christine | May 6, 2013 | Digital Assets, Digital Estate Planning, Estate Planning |
Let's face it: Your e-mail account, Facebook page and online photo albums are likely to outlive you. Deciding how to manage your digital legacy just may be your trickiest estate-planning task. You may be well aware of your assets, but what about those “digital”...
