An intentionally defective grantor (IDGT) trust is an estate-planning tool used to freeze certain assets of an individual for estate tax purposes, but not for income tax purposes. The intentionally defective trust is created as ...
As we grow older, there is a chance that we might be put in a fiduciary role for our loved ones. Just like caregiving, this role comes from a place ...
Since October 16-22 is Estate Planning Week, I would like to take this opportunity for a refresher on everything you need to know about how estate planning works. In short, ...
Many IRA assets will ultimately go to nonspouse beneficiaries. When these beneficiaries inherit the funds, special rules kick in, as inherited IRAs are not like your own personal IRA account. ...
The United States is in the middle of a great wealth transfer. Folks who have built their wealth are now looking to help their children get a head start financially. ...
Estate planning can be one of the most intimidating, complex, and emotionally charged financial necessities a family takes on together. There is little room for error, as savers look to ...
From custodial accounts to trusts, Baby Boomers can take part in the great wealth transfer in ways that won’t burden their kids with extra taxes. We are in the midst ...
Many IRA assets will ultimately go to nonspouse beneficiaries (e.g. children). When these beneficiaries inherit the funds there are special rules that kick in that are important to note. Inherited ...
In this blog, we’ll see how trusts may be used with retirement plans and IRAs. A retirement plan (like a 401(k)) or an IRA may name an individual, a trust, ...
Whether or not we plan to do so, each of us will eventually face death. However, by planning, we can make our passing easier in many ways for those we ...
