Category: Wealth Transfer Through Estate

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39 Wealth Management Issues Trust & Estate Planning Wealth Transfer Through Estate

What is Portability for Estate and Gift Tax? 

Portability is the term used to describe a new provision in federal estate tax law that allows a widow or widower to use any unused federal estate tax exemption of his or her deceased spouse to shelter assets from gift tax during the surviving spouse’s life and estate tax at the surviving spouse’s death.   Portability […]

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39 Wealth Management Issues Asset Protection Wealth Transfer Through Estate

Offshore Trusts

Introduction To devise the most potent asset protection strategy, it is helpful to know precisely what you want to protect ahead of time. After a lifetime of work, you will hopefully have several different assets and properties that you want to keep safe from creditors using asset protection. Then, working with an asset protection attorney, […]

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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 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 Family Financial Values Trust & Estate Planning Trusts Wealth Transfer Through Estate

What You Need To Know about Dynasty Trusts

High net worth individuals and families who protect their wealth provide a lasting legacy for loved ones.  This planning entails many strategic estates and tax planning decisions to make. Gift taxes, estate taxes, and generation-skipping transfer taxes can dramatically decrease the inheritance left to your children, grandchildren, and great-grandchildren. When there is a lack of planning, the […]

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