Consider these ways to shield assets from litigation
An asset protection strategy should be part of any financial plan to protect assets from creditors and litigation.
Category: Estate and Wealth Transfer
IRS allowing heirs to skip RMDs in 2023
The IRS recently delivered more guidance for heirs on how to handle RMDs with inherited accounts.
Why unmarried couples need proactive financial planning
The number of unmarried partner households is on the rise and these couple face some unique financial planning challenges.
Heirs still waiting for clarity on 10-year rule
Although the Treasury Department issued proposed regulations for the new 10-year rule in February 2022, heirs are still waiting for final clarification.
Couples have unique option to plan for risk of future higher estate taxes
The expiring tax law provides a planning dilemma and opportunity for high-net-worth households concerned about the future of federal estate taxes.
Important estate planning moves before year-end
Estate planning is an important part of year-end planning as taxpayers seek to manage the distribution of assets as and meet any state tax requirements.
Distribution planning under the SECURE Act
For some with inherited retirement accounts, next steps for distribution planning may be unclear under the SECURE Act rules.
Four estate planning ideas for 2022
Consider these estate planning ideas this year that may help lessen the tax burden in the future.
Don’t leave digital assets behind in the cloud
When estate planning, people often focus on tangible possessions and may leave valuable digital assets behind.
Reach out to families as they prepare for holiday gatherings
Consider reminding parents that having everyone together at holiday gatherings can be a good time to address some key planning topics.