Estate Planning Discussions: difficult, emotional and stressful
Delaying these discussions can lead to significant family hardship and a loss of highly prized and hard-earned assets.
Navigating the Step-Up Tax Basis Rule
Do not try this at home alone. Consult with your tax adviser to determine the best course of action regarding your entire tax liability.
Non-Resident Estate Tax Trap
If you aren’t a citizen or resident of the United States, and want to own U.S. shares, don’t hold them in your own name.
Naming A Minor as Your IRA Beneficiary
IRAs and qualified plans are great vehicles for saving for retirement. Contributions to the plans are not taxed, and the assets inside the plan enjoy tax free reinvestment and accumulation. The income tax is payable only when the assets are withdrawn from the plan. Unfortunately, while IRAs and other retirement plans are great for retirement [...]
A great time for GRATs
The rate is the lowest it has been since the inception of the 7520 rate in May 1989.
FIVE ESTATE MISTAKES
Laws have become increasingly complex, and it is up to the client to seek appropriate advice at an early date.