IEP

Showing 257–272 of 328 results

  • Estate Planning Pitfall – You haven’t considered IRS rules when making a family loan

    Year End 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 291

    Abstract: Lending money to family members can be a great way to help them out without worrying about gift and estate tax liability. But before getting out the checkbook, it’s important to do a little planning to avoid some potentially significant tax pitfalls. This article describes the steps necessary to keep the IRS from considering a loan to be a gift, with the attendant tax consequences.

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  • The next steps – Putting to rest your deceased loved one’s affairs

    Year End 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 691

    Abstract: Losing a loved one can throw one’s life for a loop. And after the memorial service, it will likely be necessary to attend to the deceased’s estate and related legal and financial matters. But it can help ease the stress if one breaks the job into steps: locating important documents, inventorying assets and liabilities, and filing life insurance and Social Security claims. This article discusses the details, while a sidebar states the importance of contacting the deceased’s employer or business associates.

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  • How much is your life worth? Conduct a “valuation” before buying life insurance

    Year End 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 597

    Abstract: People tend to underestimate the amount of insurance they’ll need to provide for the financial security of their families, particularly when one spouse contributes significant nonwage value to the family. To determine the right amount of insurance, one should conduct a “valuation” of each family member’s life. While many will use a “rule of thumb” to make such calculations, this article offers a better method.

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  • Social Security: When’s the right time to start?

    Year End 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 967

    Abstract: Many people elect to begin receiving Social Security benefits as soon as they’re eligible, but that’s not always the best choice. There’s no magic formula for deciding when to begin receiving Social Security benefits, but this article discusses a few factors to consider — such as expected lifespan, when or if one retires, and tax considerations. A chart shows when the standard retirement age begins (depending on one’s year of birth) and the percentage of the standard benefit one will receive if collecting benefits before or after that age.

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  • Estate Planning Pitfall – You’re planning to name a family member as executor of your estate

    October / November 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 250

    Abstract: There’s nothing to prevent a person from naming their spouse, a child or another family member as executor of their estate. But it’s important to be sure to consider how this decision may affect loved ones. This article explains the particular tasks an executor is expected to carry out.

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  • Will health care reform breathe new life into HSAs?

    October / November 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 800

    Abstract: Health Savings Accounts (HSAs) survived the health care overhaul largely intact and may prove to be a valuable tool for reducing health care costs. And because unused HSA balances grow on a tax-deferred basis — similar to an IRA — they can also serve as an additional weapon in one’s estate planning arsenal. This article discusses the basics about HSAs, including their benefits and contribution limits, and mentions two changes to HSAs that take effect in 2011. It also explores the estate planning implications of HSAs.

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  • Life’s changes beget plan revisions – Disinheriting a child is a difficult, but sometimes necessary, decision

    October / November 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 599

    Abstract: Because circumstances change over time, an estate plan isn’t a static document. It’s meant to be revised. And that includes instances in which it may seem necessary to disinherit a child. This article discusses the steps involved and how to protect an estate plan from the legal challenge a disinherited child might attempt. A sidebar explains that disinheriting a spouse can be much more difficult.

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  • Giving: A timeless estate planning strategy

    October / November 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 944

    Abstract: Although currently there’s no federal estate tax, it’s scheduled to rear its head again in 2011. Congress is expected to intervene, but no one is certain what changes will or won’t be made. This makes estate planning especially challenging. But, even in this environment, a tried and true strategy to reduce potential estate tax liability is making tax-free — or even taxable — gifts. This article discusses the various giving options available, while a sidebar shows why it can be advantageous to make a taxable gift — though it’s not without some risk.

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  • Estate Planning Pitfall – You don’t have a succession plan for your business

    August / September 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 283

    Abstract: For business owners, estate planning and succession planning go hand-in-hand. Owners of closely held businesses typically have a significant portion of their wealth tied up in the business. Those who own a business, yet don’t take steps to ensure that it lives on after they’re gone, may be placing their family at risk. This article shows why an effective plan should address management succession and ownership succession.

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  • Finding your comfort zone – Manage risk to preserve and grow wealth for future generations

    August / September 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 494

    Abstract: The 2007–2008 financial crisis drove home the fact that investment risk is a real concern that families need to define and manage. Too little risk, and asset growth may not keep pace with inflation, eroding wealth over time. Too much risk, on the other hand, jeopardizes a family’s financial security. This article looks at a couple of approaches that can be useful in managing risk.

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  • 2 rules make planning complicated if you already own life insurance

    August / September 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 818

    Abstract: As of mid-2010, the estate tax is still scheduled to return, so it remains important to keep life insurance out of one’s estate. But the tax code’s “three-year rule” can pull policy proceeds back into a transferor’s estate if he or she doesn’t survive for at least three years after the transfer. And an exception to this rule can trigger the “transfer-for-value rule,” which can cause the transferee to be subject to ordinary income taxes. But this article shows how one might avoid both rules through use of an irrevocable grantor trust.

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  • Fraudulent transfer laws – Don’t let creditors undo your estate plan

    August / September 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 898

    Abstract: Most people wouldn’t even consider transferring or hiding assets to avoid paying their creditors. But the fraudulent transfer laws can also jeopardize perfectly innocent, legitimate estate planning moves. And if creditors challenge gifts, trusts, retitling of property or other strategies as fraudulent transfers, they can quickly undo an estate plan. This article examines the difference between actual vs. constructive fraud, and explains the importance of analyzing one’s net worth before making substantial gifts. A sidebar lists factors that may signal an intent to defraud.

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  • Estate Planning Pitfall – You haven’t recently reviewed your retirement plan beneficiary designations

    June / July 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 283

    Abstract: Those who have an IRA or employer-provided retirement plan and haven’t reviewed their beneficiary designations recently may have some that are no longer appropriate. This could result in undesirable consequences, especially if the plan holds substantial wealth. Undesirable income tax consequences also can occur if the tax implications of beneficiary designations aren’t reviewed regularly.

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  • Should you move your trust?

    June / July 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 680

    Abstract: In some cases, it may be desirable to move a trust to a more favorable jurisdiction. But moving a trust from one state to another also presents significant risks, so attempting to do so without considering all the benefits, limitations and risks and obtaining professional advice isn’t recommended. This article lists some of the pros and cons, and describes a number of procedures one should be aware of in regard to moving a trust.

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  • Family matters – Dealing with incapacity guardianship/conservatorship issues and your elderly parents

    June / July 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 682

    Abstract: If a parent’s mental condition is declining, it may be necessary to make an emotionally difficult decision to have him or her declared incompetent. A judge will then appoint a guardian/conservator to oversee his or her affairs. This article looks at the legal definition of “capacity,” and the role of a legal guardian/conservator. But there are also several areas short of legal guardianship/conservatorship in which one may assist elderly parents.

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  • Finding stability amid uncertain estate tax law – Defined-value gifts can limit tax exposure

    June / July 2010
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 952

    Abstract: It’s likely that Congress will overhaul the estate tax regime this year. But regardless of what happens, it makes sense to explore strategies for minimizing gift taxes. One strategy that can be effective is the defined-value gift, which can limit gift tax exposure by providing that any excess value go to a charity or other gift-tax-exempt recipient. The IRS isn’t a fan of these gifts, but they recently have gained approval in the courts, as explained in a sidebar.

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