Category: Titling of Assets

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Estate Planning Checklist Titling of Assets Trust & Estate Planning

Implementation: The Overlooked Step in Estate Planning

When it comes to estate planning, many people focus on creating a will and revocable trust. While these are undoubtedly essential documents, they are not the only ones you need to protect your assets. Another critical factor in estate planning is implementation - making sure all of your estate documents are signed and that all […]

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39 Wealth Management Issues Executor/Trustee Issues Pre and Post-Marital Agreements Titling of Assets Trust & Estate Planning

Choosing an Estate Planning Attorney

Although any lawyer can draw up a simple will for straightforward situations, such as naming the beneficiary of one's 401(k), seasoned trust-and-estate lawyers can help navigate more complicated situations involving several trusts and multiple heirs. Questions for Your Potential Estate-Planning Lawyer The following questions will help you learn about estate planning and determine if a prospective estate […]

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39 Wealth Management Issues Charitable Planning Retirement Funding Retirement Planning Titling of Assets Trust & Estate Planning Wealth Transfer Through Estate

Designating Beneficiaries for Retirement Accounts

A beneficiary designation is a way to transfer an asset to an individual, organization, or multiple beneficiaries upon the owner's passing. For financial accounts such as individual retirement accounts (IRAs), a beneficiary designation is typically a paper or electronic form provided by the account custodian, which allows the account owner to designate who will receive the asset upon their passing.

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39 Wealth Management Issues Estate Planning Checklist Executor/Trustee Issues Financial Planning Titling of Assets Trust & Estate Planning Trusts

Checklist to “Fund” a Revocable Living Trust

Creating your Trust is just the first part of the Estate Planning process. After you sign your Trust document, the next step is to fund the trust. The method of funding a trust involves transferring assets to it.  Tips for  Funding a Trust  This guide is meant to serve as a helpful starting point for […]

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39 Wealth Management Issues Financial Planning Retirement Planning Titling of Assets

Net Unrealized Appreciate for Employee Stock Ownership

Net Unrealized Appreciation An employee who owns company stock in their employer’s retirement plan will eventually have to decide how to distribute those assets—typically when you retire or change employers. Taking a distribution could leave the plan participant facing hefty taxes.  However, a tax break—taking advantage of  “net unrealized appreciation” (NUA)—can reduce ordinary income taxes. […]

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39 Wealth Management Issues Estate Planning Checklist Titling of Assets Trust & Estate Planning Trusts

“Funding” a Trust: The Crucial Part of Estate Plan Implementation

Creating your Trust is just the first part of the Estate Planning process. After you sign your Trust document, the next step is to fund the trust. The method of funding a trust involves transferring assets to it.  Tips for  Funding a Trust  This guide is meant to serve as a helpful starting point for […]

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39 Wealth Management Issues Aging Issues Asset Allocation Issues Asset Protection Business Continuation Planning Business Succession Planning Charitable Giving During Lifetime Charitable Giving Through Estate College Expense Planning Debt Financing Debt Management Defined Benefit Plan Strategy Disability Protection Durable Power of Attorney Issues Executor/Trustee Issues Family Financial Values Financial Continuity with the Loss of Family Member Future Taxable Event Triggers High Correlation of Asset Allocation Household Budgeting Illiquid Investments Impending Major Purchase Income Tax Planning Investment Over-concentration Investment Risk Management Life Insurance Planning Lifetime Gifting to Children/Descendants Medical Coverage/LT Care Planning Non-U.S. Citizen planning Nonqualified Employee Benefits Pre and Post-Marital Agreements Real Estate Retirement Income Self-Actualization Social Security Decisions Special Needs Planning for Loved Ones Titling of Assets Wealth Transfer Through Estate

2021 Federal Tax Guidelines

Every year, the IRS adjusts more than 40 tax provisions for inflation. This is done to prevent “bracket creep,” when people are pushed into higher income tax brackets or have reduced value from credits and deductions due to inflation, instead of any real income increase. The IRS used the Consumer Price Index (CPI) to measure inflation before […]

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39 Wealth Management Issues Financial Planning Income Tax Planning Titling of Assets Trust & Estate Planning Trusts

What is the Difference Between Grantor vs. Non-Grantor Trusts?

Grantor and non-grantor trusts are taxed m much differently. Non-grantor trusts are treated as separate entities (e.g., C-Corporation). However, the grantors of grantor trusts retain significant rights to the trust’s assets and income. Because of that retention of power, they’re treated as if they are direct owners of the trust assets. Grantor Trust A grantor trust is […]

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39 Wealth Management Issues Titling of Assets Trust & Estate Planning

Asset Titling Issues

General  An asset is generally transferred by four methods: according to your Will, by beneficiary designation, or based on an agreement or state law. The title of an asset is as of upmost importance in determining who will inherit that asset as the terms of your Will or other estate planning documents. If asset titling […]

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