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Insight on Estate Planning
Showing 1–16 of 384 results
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Estate Planning Pitfall – You didn’t retitle assets to be included in a trust
Year End 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 312
Abstract: There are numerous benefits of using a trust in an estate plan. However, if it’s not properly funded, it may not achieve a person’s ultimate estate planning goals. This brief article explains why it’s critical that all of the assets are titled to the trust.
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A strong marriage is a necessity when it comes to using a SLAT
Year End 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 724
Abstract: When creating an estate plan, there’s a certain amount of prognosticating involved. What will one’s financial picture look like in years to come? How will estate tax laws change? No doubt one of the biggest challenges involved with estate planning is all the uncertainty. This article explains how a spousal lifetime access trust can provide flexibility to an estate plan.
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No time like the present – Address top estate planning priorities today
Year End 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: When it comes to estate planning, consider taking a page out of the Boy Scouts Handbook: Be prepared. The last thing one would want for his or her family is to be scrambling to pick up the pieces after death. Drafting a will is a good starting point, but there are several other “top priority” items to be accomplished. This article details several priorities that should be taken care of sooner rather than later.
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Is a charitable remainder trust right for your estate plan?
Year End 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 773
Abstract: For those who’d like to give to their favorite charity and leave a significant amount of their estates to loved ones, a charitable remainder trust (CRT) might be an option for their estate plans. This article details how a CRT works and explores two different CRTs: a CRAT and a CRUT. A sidebar explores the option of using qualified charitable distributions.
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Estate Planning Pitfall – You haven’t recently updated your powers of attorney
October / November 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 337
Abstract: Health care and financial powers of attorney are critical components of an effective estate plan. Indeed, while much of a person’s estate plan focuses on actions that take place after death, it’s equally important to have a plan for making critical financial or medical decisions if one is unable to make them for his or herself. This brief article explains why it’s important to frequently update powers of attorney documents.
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The long view of long-term care insurance
October / November 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 596
Abstract: According to the U.S. Department of Health and Human Services, roughly 70% of Americans aged 65 or over will require some form of long-term care. A practical solution to pay for these services is to purchase a long-term care (LTC) insurance policy. With LTC insurance, a person can reduce the possibility that his or her lifetime of savings will be drained by long-term care costs. This article examines what an LTC insurance policy covers and provides three areas to consider before purchasing a policy.
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Planning is essential if you’re inheriting assets
October / November 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 778
Abstract: For those in line to receive a significant inheritance, their feelings may range from exhilaration to relief, not to mention a great deal of sadness for the loved ones who have passed. Indeed, a large infusion of cash or assets can be overwhelming. This article explains why it’s important to take time to reflect on the significance of the inheritance on one’s financial situation and to form a plan to address the newfound wealth.
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Should you place your home in a QPRT?
October / November 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 785
Abstract: If a person owns his or her principal residence, it may be more beneficial to transfer ownership of the home to a qualified personal residence trust (QPRT). Using a QPRT, the homeowner can avoid potential estate tax pitfalls without making drastic changes during his or her lifetime. Notably, the homeowner can continue to live in the home for the duration of the trust’s term. When the term ends, the remainder interest passes to designated beneficiaries. This article details the ins and outs of using a QPRT. A brief sidebar explains that using a QPRT may disqualify a person from the home sale exclusion.
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Estate Planning Pitfall – You missed the estate tax filing deadline
August / September 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 232
Abstract: The due date for filing a federal estate tax return varies. Generally, an estate’s executor must file the return within nine months of the date of death. It’s up to him or her to ensure that this obligation is met. This brief article explains the benefits of filing for a six-month filing extension.
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Going through a divorce? Ease the transfer of retirement plan assets with a QDRO
August / September 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 738
Abstract: Despite its unusual sounding name, a QDRO isn’t an alien from a science fiction movie or a geometric equation. In fact, QDRO stands for “qualified domestic relations order.” If a person is in the process of a divorce, a QDRO may provide for the transfer of assets in a qualified retirement plan to a nonparticipant spouse without incurring dire tax consequences. This article explains how a QDRO works.
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Overlooking foreign assets can be detrimental to an estate plan
August / September 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 825
Abstract: It’s critical to disclose all assets in one’s estate plan, including, importantly, any foreign assets. Often, people assume that foreign assets aren’t relevant to their “U.S.” estate plans, so they’re not worth mentioning. That’s not the case. This article provides the answers to several questions regarding accounting for foreign assets in an estate plan.
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Dynasty trust – Create a trust that can span the ages
August / September 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 731
Abstract: For those who want to arrange for a long-lasting transfer of wealth through multiple generations, consider using a dynasty trust. Not only can such a trust avoid tax, it may provide various other benefits and protections for families for an extended period of time, even forever. This article details the estate tax implications of a dynasty trust. A sidebar answers frequently asked question regarding the use of a dynasty trust.
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Estate Planning Pitfall – You’ve relocated out of the country without checking estate tax laws
June / July 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 247
Abstract: It’s perfectly normal to consider moving abroad after retirement. For those going that route, it’s critical to consider the destination country’s estate tax laws. This brief article provides examples of how estate tax laws differ for those who are no longer U.S. citizens.
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Are changes coming for the gift and estate tax exemption?
June / July 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 656
Abstract: Under current estate tax law, taxpayers benefit from the most generous gift and estate tax regime in history. But the good times won’t last forever, or at least they’re not designed to. The increase in the exemption amount brought by the Tax Cuts and Jobs Act is scheduled to “sunset” after 2025, so changes could be coming soon. This article explores the evolution of estate tax law and provides gifting strategies.
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Asset protection and your estate plan – Preserve and protect your wealth for your heirs
June / July 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 635
Abstract: Asset protection is about preserving hard-earned wealth in the face of unreasonable creditors’ claims, frivolous lawsuits or financial predators. It’s not about evading legitimate debts, hiding assets or defrauding creditors. Thankfully, there are many asset protection strategies available. This article examines several asset protection techniques that range from the simple to the complex.
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SECURE 2.0 eases RMD obligations
June / July 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 1005
Abstract: Generally, it’s advantageous to keep funds in retirement accounts for as long as possible. Indeed, the longer a person refrains from withdrawing funds, the longer the money has to continue tax-deferred growth. This article details how the SECURE 2.0 Act can help individuals save more for retirement, which, in turn, may provide more wealth to share with loved ones. A sidebar further explains how SECURE 2.0 benefits Roth 401(k) plans.