Apr 20, 2021 | Estate Planning
Spendthrift Trusts Aren’t Just for Spendthrifts April 22, 2021 Now that the federal gift and estate tax exemption has reached an inflation-adjusted $11.7 million for 2021, fewer estates are subject to the federal tax. And even though President...
Apr 14, 2021 | Estate Planning
What Happens if Your Spouse Fails to Designate You as Beneficiary of His or her IRA? April 16, 2021 One advantage of inheriting an IRA from your spouse is that you’re entitled to transfer the funds to a spousal rollover IRA. The rollover IRA is treated...
Apr 1, 2021 | Estate Planning
Keep it All in the Family: Transferring Your Vacation Home April 7, 2021 If your family owns a vacation home, you know what a relaxing refuge it can be. This is especially true these days due to the limited travel options you may have because of COVID-19...
Mar 29, 2021 | Estate Planning
A Revocable Living Trust Works Only if You Properly Fund It April 5, 2021 A revocable living trust is often used to complement a will. For instance, you might transfer specific securities to the trust. Notably, these assets generally don’t have to go...
Mar 24, 2021 | Estate Planning
Do You Need to File a Gift Tax Return? March 30, 2021 It’s tax-filing season and you’re likely focused on your income or business tax returns. But don’t forget about another type of return. In 2020, if you made substantial gifts of wealth to family...
Mar 17, 2021 | Estate Planning, Estate Planning PENDING, Uncategorized
Dissecting the Contents of a Will March 22, 2021 Understanding the Basics Typically, a will begins with an introductory clause, identifying yourself along with where you reside (city, state, county, etc.). It should also state that this is your official...
