Video: Planning strategies for designating heirs under new 10-year rule
The new 10-year rule resulted in several planning considerations for investors as they choose beneficiaries for estate plans.
Category: Estate and Wealth Transfer
Trust strategies rattled by SECURE Act
The SECURE Act recast the rules for leaving retirement assets to heirs, creating challenges for beneficiaries and conflicts with certain trust strategies.
Planning strategies for the SECURE Act 10-year rule
The SECURE Act brings significant changes to retirement accounts and introduces a new 10-year rule for inherited retirement assets.
The dawn of a new 10-year rule for IRAs
The SECURE Act became law in December and introduced many changes to retirement accounts, including a new 10-year rule for IRAs signaling the repeal of the stretch IRA strategy.
Keep your estate plan on track with a beneficiary review
Year-end is an opportune time to offer a beneficiary review to ensure that accounts are up-to-date.
When donating to charity, investors may want to explore this IRA strategy
Investors may want to consider using an IRA strategy to direct donations to charity and receive a tax advantage.
Proposed RMD changes could help retirees keep more of their savings
The federal government wants to update the life expectancy projections that investors use to calculate an RMD from retirement accounts.
At year-end, consider lumping charitable gifts
With new limits to tax deductions under tax reform, investors may consider lumping charitable gifts into one year to achieve a tax deduction.
Create a checklist for when a family member passes away
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.
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.