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Showing 33–48 of 312 results

  • Estate Planning Red Flag – You’re splitting gifts with your spouse

    July / August 2019
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 321

    Abstract: The annual gift tax exclusion allows a person to transfer up to $15,000 per beneficiary gift-tax-free. One can double the exclusion to $30,000 per beneficiary if an election is made to split the gifts with a spouse. This brief article explains why it’s important to understand the rules surrounding gift-splitting to avoid unintended — and potentially costly — consequences.

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  • Protecting the nest egg – Safeguard your assets with these protection strategies

    July / August 2019
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 520

    Abstract: Sometimes the easiest and most basic plans of action can be the most effective. Take, for instance, asset protection. Offshore or domestic trusts can be effective vehicles for protecting wealth, but they can be complicated and costly. This article examines four asset protection strategies that can help a person keep more of his or her wealth to share with loved ones.

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  • Can multiple trusts be used to maximize the pass-through deduction?

    July / August 2019
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 647

    Abstract: The Tax Cuts and Jobs Act added Section 199A to the tax code, allowing owners of sole proprietorships and pass-through entities to deduct up to 20% of their qualified business income. Sec. 199A offers valuable tax benefits to business owners, but these benefits may be reduced or eliminated if an owner’s taxable income exceeds certain thresholds. One strategy to qualify for the full deduction is to transfer portions of the business to several trusts for the benefit of one’s heirs, each of whom has income below the applicable threshold. This article details how this strategy works.

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  • SLATs offer an estate planning safety net

    July / August 2019
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 876

    Abstract: Many people are taking advantage of the temporary increase to the gift and estate tax exemption amount by giving away substantial amounts of wealth gift-tax-free — either directly or in trust — during the next six-plus years, locking in the higher exemption amount. However, what if one is reluctant to give away substantial amounts of wealth now, for fear that he or she may need access to it down the road? One potential solution is a spousal lifetime access trust (SLAT). This article explains how a SLAT works and includes a sidebar on the “clawback” rule.

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  • Estate Planning Red Flag – You missed a required minimum distribution

    May / June 2019
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 359

    Abstract: The penalty for missing a required minimum distribution from an IRA or qualified retirement plan is one of the harshest in the tax code: 50% of the amount you should have withdrawn. This brief article explains what to do if you miss a distribution.

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  • Decisions, decisions – Personal circumstances figure into when to begin taking Social Security

    May / June 2019
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 661

    Abstract: There are several individual factors that go into the determination of when the best time is to begin collecting Social Security benefits. Among those factors are the size of one’s estate, the amount of money required to maintain a desired lifestyle in retirement, and last, but not least, estate planning goals. This article examines the personal circumstances that can affect one’s decision about when to begin collecting Social Security benefits.

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  • Now may be the time to forgive intrafamily loans

    May / June 2019
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 689

    Abstract: Those with outstanding loans to their children, grandchildren or other family members should consider forgiving those loans to take advantage of the record-high gift and estate tax exemption and the generation-skipping transfer tax exemption. This article explains reasons to forgive the loan and the tax consequences of doing so.

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  • How can you mend a broken trust? Try decanting

    May / June 2019
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 897

    Abstract: An irrevocable trust can be a powerful estate planning tool, but in some cases irrevocability could be a disadvantage. The risk that a trust will cease to serve its purpose is greater if it’s designed to operate over several generations. One strategy that may allow you to fix a broken trust is decanting. This article details how to decant a trust and explains the tax consequences. A brief sidebar explores other options for amending an irrevocable trust.

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  • Estate Planning Red Flag – You have assets in payable-on-death accounts

    March / April 2019
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 313

    Abstract: Payable-on-death (POD) accounts provide an inexpensive way to transfer assets outside of probate. They can be used for bank accounts, certificates of deposit or even brokerage accounts. Setting one up is as easy as providing the bank with a signed POD beneficiary designation form. When a person dies, his or her beneficiaries just need to present a certified copy of the death certificate and their identification to the bank, and the money or securities are theirs. However, POD accounts can backfire if they’re not coordinated carefully with the rest of an estate plan. This brief article uses a fictional example to explain why.

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  • The HSA: A healthy supplement to your savings regimen

    March / April 2019
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 678

    Abstract: Longer life expectancies and rising health care costs make saving for retirement more important than ever before. A Health Savings Account (HSA) can be a powerful tool for financing health care expenses while supplementing one’s other retirement savings vehicles. And it offers estate planning benefits to boot. This article details how an HSA works and how it can fit into a person’s estate planning.

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  • Stay true to your family with a total return unitrust

    March / April 2019
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 738

    Abstract: Even in the strongest families, conflicting interests between income and remainder beneficiaries can create tension and turn the trustee’s job into a delicate balancing act. By aligning beneficiaries’ interests, a total return unitrust (TRU) can relieve this tension and allow the trustee to concentrate on developing the most effective investment strategy. This article details the benefits of a TRU.

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  • Donating to charity? Watch out for new appraisal regs

    March / April 2019
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 874

    Abstract: If a person makes substantial noncash gifts to charity, it’s important to familiarize him- or herself with new requirements for qualified appraisals. Recently, the IRS finalized 10-year-old proposed regulations regarding substantiation and reporting requirements for charitable deductions. This article details the regs and discusses qualified appraisals. A brief sidebar explains who isn’t a qualified appraiser.

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  • Estate Planning Red Flag – You’ve made nondeductible contributions to your IRA

    January / February 2019
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 313

    Abstract: Traditional IRAs can hold a mixture of deductible (after-tax) and nondeductible (pretax) contributions. If this is the case, it’s critical to track contributions carefully to avoid double taxation of distributions. Why? Because the IRS treats distributions as a blend of pretax and after-tax dollars. This brief article explains why a person can end up overpaying taxes if the distributions are treated as fully taxable.

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  • Finding your footing after a spouse dies unexpectedly

    January / February 2019
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 598

    Abstract: Death is a topic few wish to think about. It’s one reason people tend to put off estate planning until later in life. But what if a spouse unexpectedly dies? This article details several steps that must be taken after a spouse dies, including handling emotional responses, obtaining a death certificate and making notifications.

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  • Using nongrantor trusts to bypass SALT deduction limit

    January / February 2019
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 639

    Abstract: For those living in high-tax states, a nongrantor trust can be used to soften the blow of the new $10,000 federal limit on state and local tax (SALT) deductions. This article explains how a nongrantor trust works.

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  • Do you need to file gift tax returns? Avoid these common mistakes

    January / February 2019
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 966

    Abstract: As the combined gift and estate tax exemption continues to increase, fewer families will be subject to federal gift taxes. If a person’s wealth is well within the exemption amount, does that mean he or she doesn’t need to file a gift tax return? This article examines situations in which it’s necessary (and desirable) to file a return. A sidebar explains the benefits of making direct payments of medical and education expenses.

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