In 2020, more taxpayers may be able to take tax deductions on their charitable giving as a result of provisions in the CARES Act.
Lower asset values combined with historically low interest rates may favor certain wealth transfer strategies such as GRATs.
The new 10-year rule resulted in several planning considerations for investors as they choose beneficiaries for estate plans.
The SECURE Act brings significant changes to retirement accounts and introduces a new 10-year rule for inherited retirement assets.
Year-end is an opportune time to offer a beneficiary review to ensure that accounts are up-to-date.
Investors may want to consider using an IRA strategy to direct donations to charity and receive a tax advantage.