Estate and Trusts
The Weekly Scenario: Can Wills Direct Federal & State Estates Tax Payments?
Question: Can my Will direct how federal and state estates will be paid? Answer: Yes, estate taxes may be ‘apportioned’ to the…
Read MoreThe Weekly Scenario: SEP IRA vs. SIMPLE IRA
Question: What is the difference between a SEP IRA and a SIMPLE IRA? Answer: A SEP IRA is a traditional IRA program…
Read MoreThe Weekly Scenario: Power of Attorney for an 18-Year-Old
Question: Would you advise that my 18-year-old going off to college this fall have a Power of Attorney? Answer: A…
Read MoreThe Weekly Scenario: 60-day Rollover
Question: Can a surviving spouse execute a 60-day rollover of retirement assets inherited from a company plan that was first…
Read MoreWhat Mortgage Interest is Tax Deductible?
From the Desk of Herb Under the new tax act (Tax Cuts and Jobs Act), commencing in 2018, deductible mortgage…
Read MoreThe Weekly Scenario: Frequent Flyer Miles
Question: Can You Bequeath Your Frequent Flyer Miles? Answer: Many people have accumulated airline frequent flyer miles. These miles can be…
Read MoreThe Weekly Scenario: College Savings Plans
Question: Are there estate tax benefits to funding a 529 (“College” Savings) plan? Answer: Yes, but the estate tax…
Read MoreThe Weekly Scenario: Basic Estate Planning Documents
Question: What are the basic estate planning documents that you would recommend I have? Answer: In general, most estate plans…
Read MoreThe Weekly Scenario: Irrevocable Life Insurance Trusts
Question: How are the death proceeds paid to an Irrevocable Life Insurance Trust used by an estate to pay estate…
Read MoreThe Weekly Scenario: Tenants by the Entirety (TBE) Ownership
Question: What does Tenants by the Entirety (TBE) ownership mean and does TBE ownership protect property from claims of creditors?…
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