Archive

Do your estate planning documents reflect your current thinking? If they do not, or you are unsure if they do, this is a good time to review and update your estate plan.  #TuesdayTip

In light of current events with COVID-19, Fiduciary Trust International published an article on the importance of maintaining your estate planning documents up to date, especially now. Check out the link below for the article! https://www.fiduciarytrust.com/insights/commentary?commentaryPath=templatedata/gw-content/commentary/data/en-us/en-us-ftci/trust-estate/peace-of-mind-essential-steps-for-taking-care-of-family&commentaryType=TRUST%20&%20ESTATE%20PLANNING

Did you know the new CARES Act just signed into law may allow you a charitable deduction of 100% of your AGI if you are at least 59 1/2 and you make it from your IRA in 2020. Talk to your tax advisor.  #TuesdayTip

Secure Act, Cares Act and Coronavirus, do you think someone is trying to get you to review, perhaps update, your Estate Planning documents?   #TuesdayTip

Do you know what the SECURE Act is? The President signed it in late December.   #TuesdayTip

Did you know that requirements for distribution of IRAs now starts at age 72?   #TuesdayTip

Be sure to update your estate planning to ensure that your heirs will get second stepped up basis upon the second death of you or your spouse. Under previous planning techniques we used A-B Trust. Since the introduction of portability this may not be necessary and may in fact cost your heirs estate income tax.  […]

Will the Estate Tax Exemption and tax rate continue until 2025?       #TuesdayTip

Does your Estate Plan provide for a stepped up basis at the second death?    #TuesdayTip

IS YOUR TRUST GOING TO BE SUBJECT TO OUT OF STATE INCOME TAX AFTER YOU DIE ?  Maybe.       #TuesdayTip