Create a checklist for when a family member passes away
July 11, 2019
Most families do not want to think about losing a loved one. But creating a checklist for family members may help them navigate a difficult situation.
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Certain trusts may help lift the weight of a state tax burden
With tax deductions limited under tax reform, taxpayers in high-tax states may consider using incomplete non-grantor trusts to plan for state income taxes.
Strategies to preserve step-up in cost basis under new tax landscape
The focus in estate planning has shifted to income taxes, including strategies for the step-up cost basis, a planning consideration to manage capital gains.
Same-sex couples face challenges in financial planning
While progress has been made on marriage equality, same-sex couples may continue to face obstacles to saving and other financial planning issues.
Is the stretch IRA doomed?
With sweeping retirement legislation garnering massive support in Congress, concerns about the future of the stretch IRA have resurfaced.
More colleges offer tuition deals for out-of-state students
Some families that once felt that they had no control over college costs, are finding that many colleges offer tuition deals.
Preserving open space may deliver a tax break
Land designated with a conservation easement, including preserving open space, can offer tax advantages to a property owner.
Four reasons to convert a custodial account to a 529 plan
There are several reasons why parents decide to liquidate a custodial account and use the assets to fund a 529 college savings plan.
When a defective trust may be effective
A so-called defective trust may help business owners transfer wealth to other family members during their lifetime in a tax efficient manner.
Will Social Security be solvent when it is time to collect?
A new report found that the cost of Social Security is projected to exceed its income in 2020 and the trust funds are projected to be depleted in 2035.