...whether the shares go to the departing shareholder’s estate or are sold to the surviving shareholders, says Patel. “With a plan, you won’t have the remaining shareholders arguing and you...
In a private letter ruling recently, the IRS addressed the issue of transferring an inherited IRA into a Special Needs Trust. The law around taxation of inherited IRAs and the...
...receive partial distributions of their inheritance without having to wait for the closing of the estate. Under increasingly complex laws and rulings, particularly with respect to taxes, in larger estates...
...intense criticism for making public only a partial list of Special Focus Facilities while sharing the full list with three associations representing the nursing home industry. (See “Feds Publish List...
...being able to air grievances and receiving an apology or explanation for troubling behavior may be more important than receiving a property settlement. In addition, giving parties more control over...
...know something of the rules and regulations governing stretch IRAs, look for an advisor with an advanced education in IRA planning. Citations. 1 investmentnews.com/apps/pbcs.dll/article?AID=/20080501/REG/74256949/1031/RETIREMENT 2 kiplinger.com/retirementreport/features/archives/2006/06/Cover_Jun2006_03_01.html 3 irs.gov/pub/irs-pdf/p590.pdf 4 moneycentral.msn.com/content/Taxes/Taxshelters/P33760....
...charitable alternative: Consider naming the RWJ Foundation as the beneficiary of your retirement plan, and use your other non-retirement plan assets, not subject to income tax, to make gifts to...
...the parent’s assets and give it a test run, revoking it later and re-acquiring the assets if the parent decides that it is not serving its purpose. Finally, the third-party...
Could joint tenancy, one of the most common forms of holding title to assets, lead to an estate planning disaster for your heirs? Joint tenancy, often called “joint tenants with...
...gift. 10) Attorney It doesn’t have to be our firm, but establish a relationship with an attorney whom you can trust and easily communicate. In addition to making sure that...
...state income taxes, real estate taxes, charitable contributions, and other itemized deductions. Energy-saving home improvements If you are thinking of making energy-saving improvements to your home, such as putting in...
...planning. Forget the fact that you can’t visit a supermarket without seeing gossip about her life and death. When push comes to shove, Anna Nicole, the human being, was a...
