This article contains our latest comments and opinions about various asset protection issues. Our purpose is to let you know about any important cases, changes in the law and real ...
What if you could give your children assets in a trust and they could use them and yet they’d avoid estate taxation at their death? That’s what a “Generation-Skipping Transfer” ...
Every now and then we receive calls about using IRA money to invest in in real estate. Under the tax code, real estate is a permissible investment for IRAs. However, ...
What is a trust? Black’s Law Dictionary defines a trust as “An equitable or beneficial right or title to land or other property, held for the beneficiary by another person, ...
A 529 plan, otherwise known as a qualified tuition plan, is a tax-sheltered way of saving for education. 529 plans are sponsored by states, state agencies, or educational institutions. For ...
Paying IRA benefits to a credit shelter trust after the death of the married IRA owner can minimize the income and estate tax on the IRA “pretax” assets after the ...
UGMA and UTMA accounts are accounts in which a custodian holds assets for a minor. An UGMA account is one under the Uniform Gift to Minors Act. An UTMA account ...
In the past many months, it has become clear that the IRS will not allow trustees to “stretch” the income taxes on IRAs or other retirement accounts which are payable ...
Image Retrieved from Istock by Getty Images A special needs trust is set up for a person with special needs to supplement any benefits the person with special needs may ...
When doing estate planning, it is critical that we are is aware of the basic tax basis issues and their impact on estate planning. Tax “basis” is a term related ...
