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.
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.
For some with inherited retirement accounts, next steps for distribution planning may be unclear under the SECURE Act rules.
Consider these estate planning ideas this year that may help lessen the tax burden in the future.
When estate planning, people often focus on tangible possessions and may leave valuable digital assets behind.
Consider reminding parents that having everyone together at holiday gatherings can be a good time to address some key planning topics.
The recent House tax proposal would upend grantor trusts and make planning more difficult for those transferring wealth to heirs
Families can benefit from being prepared in case of an emergency or sudden loss by creating a short-term plan with a checklist of what needs to get done.
Despite progress on marriage equality and workplace protections, some in the LGBTQIA+ community face challenges around finances and other legal issues.
Potential changes to stepped-up cost basis rules may emerge as lawmakers consider federal revenue needs.
Most advisors are closely monitoring tax policy as it is not yet clear what proposals around estate taxes will be introduced on Congress’s agenda this year.