by Christine | Dec 29, 2011 | Estate Planning, Individual Retirement Accounts (IRA), Tax Planning |
If you needed a reminder of just how byzantine the rules are that govern inherited IRAs—and the importance of preparing your family for receiving such an account—the IRS just handed you one. Parents who have substantial assets in an IRA should plan ahead for how their...
by Christine | Dec 12, 2011 | Estate Planning, Individual Retirement Accounts (IRA), Tax Planning |
A larger share of people's savings is winding up in IRAs—even as estate-tax rules are getting trickier and the markets are growing more volatile. All of this is making life more complicated for widows and widowers, and could cause them to make significant mistakes...
by Christine | Dec 9, 2011 | Estate Planning, Tax Planning |
Epic failure in Washington is causing epic uncertainty for taxpayers. Recently Congress's special 12-member deficit-cutting committee failed to agree on even a broad outline for addressing the U.S.'s fiscal woes. It marked the third year in a row that...
by Christine | Nov 25, 2011 | Estate Planning, Tax Planning |
The moral of the story is that in order for the plan to work you must have coordination between the attorney who prepares the plan and the accountant who will be preparing the relevant returns. If you don’t want to trouble yourself with what entity should pay what...
by Christine | Nov 22, 2011 | Estate Planning, Tax Planning |
If you’re in the fortunate position of deciding where to leave your millions or billions (or even if you are not), take some advice from billionaire Warren Buffett’s son, Peter: Don’t spoil them. It doesn’t take an experienced estate planner to say so, but “money is...
by Christine | Nov 22, 2011 | Estate Planning, Tax Planning |
If you’re in the fortunate position of deciding where to leave your millions or billions (or even if you are not), take some advice from billionaire Warren Buffett’s son, Peter: Don’t spoil them. It doesn’t take an experienced estate planner to say so, but “money is...
