Wealth transfer ideas to consider this year
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The OBBBA increases the lifetime estate exclusion in 2026. Here are four essential strategies to optimize an estate plan’s tax efficiency and ensure a seamless legacy.
Category: Estate and Wealth Transfer
How to simplify an estate plan with a beneficiary review
Estate planning isn't just for the wealthy; it's for everyone. Our Bill Cass explains how designating beneficiaries and regular reviews may help secure your legacy.
Time to act: Inherited IRA beneficiaries must begin distributions in 2025
Many beneficiaries who inherited retirement accounts after 2019 must begin taking required minimum distributions in 2025 under the SECURE Act's 10-year rule. Here are some planning considerations.
Four considerations for year-end charitable giving
The OBBBA introduced new provisions for charitable giving beginning next year that may impact the tax benefit of giving strategies. Here are four key questions to evaluate now when considering donations for 2025.
Optimize wealth transfer with a step-up in cost basis strategy
The OBBBA raises the federal estate tax lifetime exclusion permanently to $15 million next year, with inflation adjustments for future years. Our Bill Cass explains how income tax efficiency through strategies like step-up in cost basis and optimizing asset distribution for heirs may make sense.
The importance of planning for Social Security survivor benefits
Social Security is a vital component for retirement. Learn more about maximizing benefits as a married couple and how to mitigate longevity risk. Here are claiming options for married couples..
Five estate planning ideas for 2025
Consider estate planning strategies to minimize the impact of taxes on your estate. Key actions may include document reviews, naming beneficiaries and the use of 529 college savings plans to enhance tax efficiency.
End-of-year giving tips: Tax savings through charitable contributions
To maximize tax benefits from year-end charitable giving, you may want to use strategies like lumping contributions, making qualified charitable distributions from IRAs, and gifting appreciated assets. Here are some key considerations when planning.
Year-end estate planning: Strategies for maximizing tax benefits and legacy planning
With year-end looming, consider taking action now to determine if annual gifts make sense. Here are some useful strategies to consider for estate planning.
Unwinding the 10-year rule for inherited retirement accounts
Calculating the age when retirement account owners need to begin taking distributions is key for heirs to understand how to implement the 10-year rule for inherited accounts.
Harnessing the power of step-up in cost basis
For those looking to efficiently transfer wealth, here are some considerations and strategies when planning for step-up in cost basis.