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Insight on Estate Planning

Showing 1–16 of 324 results

  • Estate Planning Pitfall – You don’t meet the tax requirements for splitting gifts

    June / July 2021
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 272

    Abstract: The annual gift tax exclusion is a powerful tool in the estate planning toolbox. By using the annual exclusion, a person doesn’t owe any gift tax on amounts transferred to another person up to a specified limit. The limit is $15,000 per recipient for 2021 (the same as it was in 2020). Even better, taxpayers can double their tax pleasure by “splitting gifts” with their spouse. This brief article explains the tax requirements necessary to split gifts.

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  • What does “probate” mean?

    June / July 2021
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 629

    Abstract: The term “probate” is one people may have heard and might associate with negative connotations, but they may not fully understand what it is. The term may conjure images of lengthy delays waiting for wealth to be transferred and bitter disputes among family members. Others, because the process is open to the public, worry about their “dirty laundry” being aired out in the open. This article defines probate and details strategies to avoid it.

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  • Add estate planning flexibility with powers of appointment

    June / July 2021
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 711

    Abstract: The best laid plans can go awry. Consider an estate plan that has been carefully crafted by taking into account the needs of family members. After the person is gone, events may transpire that he or she hadn’t anticipated or couldn’t have reasonably foreseen. This article explains how using powers of appointment can add flexibility to an estate plan.

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  • CLTs – A charitable trust that takes the lead

    June / July 2021
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 866

    Abstract: For those who are charitably inclined, the benefits of a charitable lead trust (CLT) may be worth considering. With a CLT, the donated property helps a charity for a period of time and then reverts back to family members. This article details how a CLT works and explains the charitable deduction implications. A sidebar weighs the benefits of a charitable remainder trust.

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  • Estate Planning Pitfall – You haven’t provided a password list to relatives

    April / May 2021
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 243

    Abstract: Those who are relatively young and in good health typically ignore the possibility that they could suddenly and unexpectedly become incapacitated or even die. In a worst-case scenario, their loved ones will be locked out of their online accounts. This brief article explains why it’s important not to make this mistake.

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  • Family advancement sustainability trust – A flexible trust that can achieve many estate planning goals

    April / May 2021
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 564

    Abstract: While, ultimately, a person creates an estate plan to meet technical objectives, such as minimizing gift and estate taxes and protecting assets from creditors’ claims, he or she should also consider “softer,” yet equally critical, goals, such as educating children on how to manage wealth responsibly. This article details how a family advancement sustainability trust can help achieve this goal.

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  • Thinking of moving abroad? Consider the estate tax planning implications before relocating

    April / May 2021
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 763

    Abstract: Considering moving abroad because of a new career opportunity or looking to retire to a warmer climate? If so, it’s critical to consider how the move may affect one’s estate plan. This article explains the income and estate tax ramifications.

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  • Opening up to SLAT opportunities

    April / May 2021
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 778

    Abstract: Estate tax planning can become complicated when multiple parties are involved. For example, one may be concerned about providing assets to a surviving spouse of a second marriage, while also providing for his or her children from a first marriage. Of course, one will also want to take advantage of favorable estate tax provisions in the law. This article details why a spousal lifetime access trust (SLAT) can meet those objectives. A sidebar examines the pitfalls of reciprocal trusts.

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  • Estate Planning Pitfall – Your elderly relative won’t commit to estate planning

    February / March 2021
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 267

    Abstract: There are many obstacles in the path to estate planning. One of the more difficult to overcome is when an elderly parent or family member refuses to cooperate or even acknowledge the need for estate planning measures. This brief article discusses steps to take to encourage a parent or other family member to create an estate plan.

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  • The art of estate planning – An art collection is a special asset to account for in an estate plan

    February / March 2021
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 752

    Abstract: It goes without saying that an art collection, including paintings, sculptures and other pieces of art, can represent a significant portion of a person’s estate. Thus, it’s critical to account for these assets in their estate plan. This article stresses the importance of having one’s art collection valued by a professional valuator and lists three options available for incorporating art into an estate plan.

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  • Understanding the terms of health care directives

    February / March 2021
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 699

    Abstract: Estate planning experts usually cite the need to include advance health care directives in a comprehensive estate plan. But there’s often disagreement about the legal names given to those directives and their optimal use, depending on one’s jurisdiction. In any event, regardless of what they’re called in the state where you reside, it’s important to create these documents and keep one’s family in the loop. This article defines several health care directive terms.

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  • Attention business owners: It’s time to talk about estate planning

    February / March 2021
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 832

    Abstract: For many small business owners, estate planning may be the last thing on their minds, especially if they’re struggling to recover after a turbulent 2020. However, not only can estate planning help ensure that one’s objectives are met should they die unexpectedly or become disabled, it may protect the business. Also, an estate plan may provide a smooth transition to the next generation. This article details specific estate planning strategies for business owners.

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  • Estate Planning Pitfall – You’ve named the wrong executor

    Year End 2020
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 318

    Abstract: Appointing the executor of an estate is a critical estate planning decision. Many typically turn to a family member, such as a spouse or adult child, as a first choice. What happens when the person who would be the obvious choice turned out not to be the best one for the job? This brief article explains why choosing the “wrong” executor could cause a multitude of problems.

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  • Shh! This is a silent trust — let’s keep it quiet

    Year End 2020
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 599

    Abstract: Generally, estate planning advisors recommend that individuals be upfront with family members about how they plan to divide their assets. However, when using a “silent trust,” sometimes referred to as a “quiet trust,” people will have to keep their plans to themselves. This article explains that a silent trust limits the amount of information shared with beneficiaries or, in some cases, keeps the existence of the trust secret.

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  • Consider all the angles of joint ownership

    Year End 2020
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 768

    Abstract: Estate planners generally tout the virtues of owning property jointly — and with good reason. Joint ownership offers several advantages for surviving family members. But this shouldn’t be viewed as a panacea for every estate planning concern. This article details the two types of joint ownership as well as the advantages and disadvantages.

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  • Does a qualified charitable distribution make sense this year?

    Year End 2020
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 925

    Abstract: A unique provision in the tax code allows certain transfers, made directly from a traditional IRA to a qualified charitable organization, to avoid taxation. Although this benefit of a qualified charitable distribution (QCD) has been negated for 2020, there are still several viable reasons for making a QCD this year. This article explains how the current tax laws in 2020 affect QCDs. A sidebar details how QCDs work.

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