Estate Planning applies to everyone!
There’s a cliche that says, “You can’t take it with you.” Although that’s true, you can arrange your affairs to make sure that more stays with your family and less is consumed with taxes.
As importantly, your wishes regarding your health care and even the way your assets are to be used can be controlled through trusts and various gifting strategies. Need some ideas about your will? This link can help.Want to know the two words in your will that can change how your heirs receive your assets? You’ll find the link here. Browse around and contact us if you have questions.
What happens when you know there’s a will but no one can find it? Our thanks to attorney Ira Leff’s tax blog (we’ve included a download link at the bottom) for the information below. Here’s one family’s course of action when unable to produce the will of a widow with no children. For more estate and asset…
heirs, living will, lost will, will
When does money have to be paid from an IRA? The answers may surprise you.
all in the family, Beneficiary, ira, RMD
Just ask Maureen Mangiardi. Ten years after her father passed away the IRS came to the door asking for her IRA.
ira, irs, Maureen Mangiardi, RMD, statute
This is the reason we recommend tax-deferred growth for your Investments.
1040(k), Investment, ira, tax-deferred growthIt’s not just about you and me. Planning is about leaving a positive legacy for our children. This tongue-in-cheek video shows one very sound reason why you’d want to do this. Concerned about your financial goals? Contact us for help. (Click here if your screen doesn’t show the video.) Share with your friends . .…
debt, financial planning, national debt, video
The zero-hour fiscal cliff law raised the top estate tax rates to 40 percent.
Here’s a table with the new rates for 2013 and beyond.
. . .there are usually some opportunities for tax and estate planning. Most people don’t appreciate the importance of a will, especially if they think their estate is below the level of the estate tax exemption. Even people who recognize the need for a will often don’t have one, perhaps due to procrastination or the lack of…
Beneficiary, Estate planning, Executor, Inheritance tax
There actually are some helpful things that emerged from the midnight-hour law signed by President Obama on January 2. Here’s our pick of the top 5.
2013, Adjusted gross income, alternative minimum tax, Itemized deduction
Knowing a little Latin can save you a lot of money. In this case, a little Latin in not a short resident of Greece, but an important legal term that you may see in your will. The term per stirpes, along with its legal cousin, per capita, refers to how an estate is passed along…
estate, Estate planning, Inheritance, latin, Per stirpes
