Tax / Estate & Wealth Planning
Showing 65–80 of 2177 results
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What to do with your 401(k) account when you leave a job
September / October 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 589
Abstract: Employees who are changing employers or retiring may need to decide what to do with their 401(k) accounts without triggering a taxable withdrawal. As this article explains, plan participants may keep the funds in their former employer’s plan, roll them over to their new employer’s plan or roll over the funds into an IRA account.
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Estate planning – Keeping the peace in a blended family
September / October 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 646
Abstract: Blended family life can be complicated — particularly when it comes to estate planning. This article describes several tools that can preserve wealth for various heirs while also helping families avoid resentment and squabbles. These tools include wills, trusts, prenuptial agreements and durable powers of attorney.
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Thinking about “unretiring?” Do your research first
September / October 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 882
Abstract: Given the economic and social turmoil of the last few years, it’s now common for retired individuals to consider returning to the workforce. However, before they “unretire,” people should consider the financial implications, including a paycheck’s impact on their Social Security benefits and Medicare premiums. This article investigates the issues. A sidebar provides tips on shielding a retirement nest egg from market volatility.
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Compiling a marital balance sheet in divorce
August 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 262
Abstract: Divorce is a difficult process for everyone involved. That’s why being clear and organized when it comes to finances can help facilitate the process. The first step is generally to compile a marital balance sheet. This brief article discusses this step and what it involves.
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A possible tax quirk of being a business partner
August 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 353
Abstract: Business partnerships may include situations that give the partners pause. This article explains that in any given year, the partners may have been taxed on more partnership income than was distributed to them. It notes that the cause of this quirk of taxation lies in the way partnerships and partners are taxed.
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Weighing the pros and cons of LTC insurance
August 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 490
Abstract: The COVID-19 pandemic and its aftermath have significantly affected our lives in many ways that are still playing out. For example, the pandemic has served as a reminder of how difficult an unexpected medical crisis may be to manage financially. This article explores the pros and cons of one potential safeguard against such risk: long-term care insurance.
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Your estate plan: Don’t forget about income tax planning
August 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 588
Abstract: As a result of the current estate tax exemption amount ($12.92 million in 2023), many people are no longer concerned with federal estate tax. This article points out that before 2011, a much smaller dollar amount resulted in many people attempting to avoid estate tax. Now, because many estates won’t be subject to estate tax, more planning can be devoted to saving income taxes for heirs. A sidebar briefly looks at certain exclusions or discounts.
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Estate Planning Red Flag – You’re not sure whether your trust deposits are fully insured
September / October 2023
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 268
Abstract: Recent bank failures have increased concerns about the availability of Federal Deposit Insurance Corporation (FDIC) coverage for bank accounts held in trust. The rules regarding insurance of trust accounts are complex, and new rules will take effect on April 1, 2024. This brief article explains how the new rules simplify the calculations of FDIC coverage.
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QTIP trust – The right trust for your blended family
September / October 2023
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 598
Abstract: If a person is currently in a second marriage and has older children from the first marriage, this trust may be of interest: a qualified terminable interest property (QTIP) trust. It can provide future security for both a surviving spouse and any children from a prior marriage. Plus, it can provide flexibility to an estate plan. This article explores the ins and outs of a QTIP trust.
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Can you undo an irrevocable life insurance trust?
September / October 2023
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 656
Abstract: For years, people have been setting up irrevocable life insurance trusts (ILITs) to avoid estate tax on the death benefits paid out under their life insurance policies. But what if they have an ILIT that they no longer need? This article explains a person’s options for pulling a life insurance policy out of an ILIT or even unwinding the ILIT entirely.
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Preparing for 2026 – Four ways to build flexibility into your estate plan
September / October 2023
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 973
Abstract: On January 1, 2026, the federal gift and estate tax exemption amount set by the Tax Cuts and Jobs Act will sunset. If an estate exceeds, or is expected to exceed, 2026 exemption levels, one should consider implementing planning techniques today that can help reduce or avoid gift and estate tax down the road. However, what if a person isn’t ready to give significant amounts of wealth to the next generation? Perhaps he or she wants to hold on to assets in case circumstances change. Fortunately, there are strategies available to take advantage of the current exemption amount while retaining some flexibility to access wealth should the need arise. This article details four such strategies. A sidebar explains why a person must be careful of running afoul of the reciprocal trust doctrine.
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Estate Planning Pitfall – You missed the estate tax filing deadline
August / September 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 232
Abstract: The due date for filing a federal estate tax return varies. Generally, an estate’s executor must file the return within nine months of the date of death. It’s up to him or her to ensure that this obligation is met. This brief article explains the benefits of filing for a six-month filing extension.
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Going through a divorce? Ease the transfer of retirement plan assets with a QDRO
August / September 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 738
Abstract: Despite its unusual sounding name, a QDRO isn’t an alien from a science fiction movie or a geometric equation. In fact, QDRO stands for “qualified domestic relations order.” If a person is in the process of a divorce, a QDRO may provide for the transfer of assets in a qualified retirement plan to a nonparticipant spouse without incurring dire tax consequences. This article explains how a QDRO works.
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Overlooking foreign assets can be detrimental to an estate plan
August / September 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 825
Abstract: It’s critical to disclose all assets in one’s estate plan, including, importantly, any foreign assets. Often, people assume that foreign assets aren’t relevant to their “U.S.” estate plans, so they’re not worth mentioning. That’s not the case. This article provides the answers to several questions regarding accounting for foreign assets in an estate plan.
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Dynasty trust – Create a trust that can span the ages
August / September 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 731
Abstract: For those who want to arrange for a long-lasting transfer of wealth through multiple generations, consider using a dynasty trust. Not only can such a trust avoid tax, it may provide various other benefits and protections for families for an extended period of time, even forever. This article details the estate tax implications of a dynasty trust. A sidebar answers frequently asked question regarding the use of a dynasty trust.
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Tax Calendar
July 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 272
Abstract: This calendar notes important tax deadlines for the third quarter of 2023.