Tax / Estate & Wealth Planning
Showing 1633–1648 of 2177 results
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Should a CRT be part of your estate plan?
April / May 2013
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 679
Abstract: A charitable remainder trust (CRT) allows a person to support a favorite charity while potentially boosting their cash flow, shrinking the size of their taxable estate, reducing or deferring income taxes, and enjoying investment planning advantages. This article looks at how a CRT works and explains the difference between a charitable remainder annuity trust and a charitable remainder unitrust.
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How to fund long-term care insurance with a tax-free exchange
April / May 2013
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 983
Abstract: Long-term care (LTC) insurance is a major expense, especially for someone who purchases it at or after retirement age. One potential source for funding LTC insurance premiums is a total or partial tax-free exchange of an existing life insurance policy or annuity contract. This article explains how a tax-free exchange provides a source of funds for LTC coverage and offers significant tax benefits. A sidebar notes the tax treatment of LTC insurance.
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New simplified home office deduction
April 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 251
Abstract: Beginning in 2013, a simplified option is available that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes. This article discusses which requirements have been relaxed and which are still in effect.
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Residency issues for retirees
April 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 572
Abstract: With 10,000 baby boomers turning 65 each day, some may decide to move to another state for a variety of reasons. If the retiree’s move is intended to be permanent, it is important that legal domicile be established in the new state. If not, the retiree may be subject to income tax as a resident of both the old and new states, and both states may claim jurisdiction over the retiree’s estate. This article lists the steps that tend to establish domicile in a new state.
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2013 gift tax exclusion
April 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 151
Abstract: This brief article notes an increase in the annual gift tax exclusion to $14,000, but also mentions that certain payments are not subject to the gift tax and, therefore, are not included in the $14,000 limit.
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Excluding gain on qualified small business stock
April 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 155
Abstract: A beneficial tax provision to exclude 100% of the gain from the sale of qualified small business stock (QSBS) was extended for two years by the American Taxpayer Relief Act of 2012. This brief article notes that status as a qualified small business corporation is an opportunity to save taxes, but only if the fairly restrictive qualification requirements can be met.
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Tax calendar
April 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 227
Abstract: This article looks at three tax deadlines for the first half of 2013.
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Impact of higher individual federal tax rates
April 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 408
Abstract: Media outlets have focused a great deal of attention on the topic of increased individual federal tax rates. Most wage earners have seen their take-home pay shrink due to higher payroll taxes, but high-income taxpayers are really feeling the pain of higher tax rates in addition to new taxes. This article discusses tax rates under the Patient Protection and Affordable Care Act of 2010 and the American Taxpayer Relief Act of 2012.
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Charitable giving 101 – Follow IRS rules to ensure you receive your tax deduction
March / April 2013
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 316
Abstract: For donations of cash and property to be deductible, they must meet certain IRS criteria. This short article discusses some of the basic rules and explains how to determine if the charity is a qualified charitable organization.
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Inject flexibility into your estate plan – A limited power of appointment offers asset distribution options
March / April 2013
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 430
Abstract: Even when parents want to treat all children equally, there could be circumstances in which they’d want one child to receive more than the other — or want to limit one child’s direct access to his or her inheritance. This article discusses how a limited power of appointment gives the “holder” of the power the ability to decide how, when and to whom specified assets in a trust or estate will be distributed.
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Getting 20-somethings to jump-start their retirement savings
March / April 2013
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 991
Abstract: While it may be difficult to get young people to focus on a retirement that may be 40 years or more away, those who get an early start on saving will be much better prepared to handle future financial challenges. This article illustrates the importance of teaching kids the importance of 401(k) plans and the power of compounding over a period of decades. A sidebar examines whether it’s better to save first or pay down student loans first.
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Should you pay off your mortgage early?
March / April 2013
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 868
Abstract: Paying down a mortgage early can save serious amounts of interest expense over the course of a 30-year loan, but it’s important to take into account the value of the mortgage interest tax deduction. This article looks at the pros and cons, including whether the savings could yield a higher return if invested in stocks or bonds. The article poses several additional questions to consider before retiring a mortgage early.
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Estate Planning Red Flag – You don’t have a will
March / April 2013
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 298
Abstract: Regardless of a person’s age, health and net worth, a will is essential in determining what happens to his or her children and wealth after death. This article explains that a will can name a guardian and ensure that assets are distributed according to the decedent’s wishes. It also points out that having a will is important even if one has a living trust.
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Protect your peace of mind with a trust protector
March / April 2013
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 616
Abstract: If a person isn’t 100% comfortable that their chosen trustee could effectively handle the associated responsibilities, appointing a trust protector might provide a solution. A trust protector oversees the trustee and weighs in on critical decisions. This article discusses the advantages of appointing a protector, but also notes the importance of picking the right one.
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Are your retirement savings secure from creditors?
March / April 2013
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 552
Abstract: People who have significant assets in employer-sponsored retirement plans or IRAs should understand the extent to which those assets are protected against creditors’ claims. This article discusses which plans are protected only in bankruptcy and which are also protected outside bankruptcy, and what steps to take to strengthen protection.
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College financing: An integral part of your estate plan
March / April 2013
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 978
Abstract: Grandparents often want to play a role in financing their grandchildren’s college educations. But it’s important that they consider the impact that different financing options will have on their estate plan. This article looks at the estate planning implications of grantor and Crummey trusts and the Section 2503(c) minor’s trust, along with direct tuition payments on behalf of grandchildren. A sidebar shows how a health and education exclusion trust (HEET) can be advantageous in regard to generation-skipping transfer (GST) tax.