Year-end ideas for gifting and estate plans
For financial planning, year end can be an opportune time to review strategies for gifting and estate plans.
Category: Estate and Wealth Transfer
Key changes for charitable giving in 2020
In 2020, more taxpayers may be able to take tax deductions on their charitable giving as a result of provisions in the CARES Act.
Historically low rates, market conditions open door for GRATs
Lower asset values combined with historically low interest rates may favor certain wealth transfer strategies such as GRATs.
Pandemic highlights need for legal documents
The pandemic highlights the importance of family communications and having legal documents in place.
CARES Act loosens rules for retirement accounts
Among the many provisions of the CARES Act are modifications of the rules involving retirement accounts to help both retirement savers and retirees.
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.
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.