Many clients desire that not only all of their children to be treated equally and but their desire that they are involved in decision making by making them all Co-Trustees. ...
Q. What is a like-kind exchange? A. A like-kind exchange is a technique for deferring gain on the sale of property by reinvesting the proceeds of sale in “like-kind” property. ...
The estate planning process aims to simplify the transfer of assets and properties between generations while minimizing costs and streamlining wherever possible. By default, dying intestate (without a will or any other ...
The starting point when discussing prohibited transactions is Internal Revenue Code (“IRC”) Section 4975(c)(1). In an IRA context, this tax code provision disallows certain interactions between an IRA and people ...
1. What is the importance of bank account titling? In the context of estate planning, the way an account is titled is critical. The choice often determines who will inherit ...
1. What is the importance of bank account titling? In the context of estate planning, the way an account is titled is critical. The choice often determines who will ...
As life expectancy continues to rise and medical costs increase, many adult children who take on the responsibility of caring for their aging parents are finding themselves faced with quite ...
IRC Section 402(c)(9) allows a rollover the deceased spouse’s IRA to a surviving spouses IRA. Further, the Treasury Regulations state that the surviving spouse thereafter treats the IRA as his/her ...
An essential component of a complete estate plan Durable powers of attorney are an essential component of a complete estate plan. These documents allow you to dictate the person who ...
For Washington residents facing the possibility of a sizable estate tax bill, establishing residency in a different state may be worth considering, particularly for those who already have a second ...
