From: Sterling Foundation Management
Recent IRS actions may create an opportunity to receive a premium price for your charitable remainder trust interests.
On June 1, 2023, the IRS finally adopted “new” mortality tables. We place the word “new” in quotation marks because the tables in question are based on 2010 data.
The world has changed drastically since 2010, and so the IRS’s new tables are…
From: floridaestateplanning.com
In this whitepaper I’ll review two recently enacted Florida statutes that provide additional opportunities in your estate plans. I’ll also review one strategy to consider if you have adult children with highly appreciated property. The first statute affects married couples, The Florida Community Property Trust Act. The other new Florida law is for clients who want a professional trustee, but don’t want…
From: www.aaepa.com
Revocable Trusts lay the foundation for many an Estate Plan. They serve various functions, like avoiding probate, planning for incapacity, protecting beneficiaries, and providing continuity after death. Revocable Trusts provide the grantor with flexibility by giving the grantor the right to change the trust during their lifetime. Well-written trusts contain explicit instructions regarding the steps…
From: floridaestateplanning.com
Many clients don’t consider visiting with an estate planning attorney until they reach their 60s, 70s or even 80s. That’s a shame because younger clients could benefit from such a relationship in any number of ways.
During the Savings & Loan crisis back in the 1980s, for example, an entrepreneur by the name of Sam Idelson teamed up with David…
From: theamericanretiree.com
While saving for retirement is essential, what follows next is at least as vital as your plan of action after retirement. Regardless of how diligently you save throughout the accumulation phase, preparing how those assets will be converted into income is essential.
Many seniors have no source of fixed income other than Social Security and their retirement…
From: theamericanretiree.com
Many people have the idea that estate planning is only for the wealthy. However, it may be time to reconsider because an early estate plan helps ensure that your retirement years are stress-free. Remember that good estate planning will go a long way toward safeguarding and developing your money over time.
Although each person’s circumstances will vary, there are several common considerations when planning…
From: www.kiplinger.com
Every family has one – or maybe more – black sheep. They’re people who march to their own drum, and handing them an inheritance could be problematic. Here are some tips for managing them in your estate plan.
Every family faces a unique set of circumstances when it comes to wealth, financial planning and thinking about the future. But no matter the situation –…
From: www.bankrate.com
A grantor trust is a type of living trust in which the person creating the trust (the grantor) remains the owner of the assets and property in the trust for both income and estate tax purposes. A grantor trust is taxed at the grantor’s personal tax rate, which is usually lower than at…
From: retirement.tips
Most people agree that, in theory, estate planning is a necessary task regardless of wealth. But it tends to be an uncomfortable process for many people, as it involves confronting your own mortality – not to mention having some potentially difficult conversations with family members.
Many people also aren’t aware of the various estate planning tools that are available for protecting…
From: theamericanretiree.com
As you approach retirement, your estate plans may differ from those during other stages of your life. During retirement, a comprehensive estate plan must consider your financial needs, ensure they are met, and provide additional safeguards. The following are some ways to develop this type of plan.
Having to reside in a nursing home or similar facility for an extended period of…
Copyright © 2024 • REAP | Retirement & Estate Advisors & Professionals • All rights reserved
(855) 904-REAP • info@retirementestateplan.com
