Do Single People Need Estate Planning?
“If you don’t have a spouse or children, you might think you don’t need to do much estate planning. However, if you have any assets, familial connections, or interest in supporting charitable groups – not to mention a desire to control your own future – you do need to establish an estate plan.”
What are Biggest Blunders in Wealth Transfer?
“We are approaching the biggest wealth transfer ever, as Baby Boomers prepare to hand off their life savings to their heirs. However, will their heirs actually get the full amount of the wealth intended for them…or will a large amount be lost to unnecessary taxes?”
Couple’s Charitable Remainder Trust Helps University Students
“Minnesota State University, Mankato President Edward Inch announced today that Robert Larson of Leesburg, Florida, has donated $1.4 million to the University in honor of his late wife, Virginia Larson, a Minnesota State Mankato alumna, who taught elementary school for 12 years.”
Do Singles Need Estate Planning?
“If you don’t have a spouse or children, you might think you don’t need to do much estate planning. However, if you have any assets, any familial connections, any interest in supporting charitable groups – not to mention a desire to control your own future – you do need to establish an estate plan.”
Massachusetts Museum Receives Millions from the Will of a California Woman
“Old Sturbridge Village has received a $5 million gift from a former trustee and longtime supporter of the Massachusetts-based living history museum.”
How Do I Use a Charitable Remainder Trust with a Large IRA?
“Charitable remainder trusts give you more options and more control on how your heirs inherit, now that the “stretch” IRA is a thing of the past.”
Should a Donor-Advised Fund Be Part of My Estate Planning?
“With the prospect of a Biden administration potentially raising tax rates and cutting estate tax exclusion amounts in half, some well-off taxpayers may be looking for a way to ease their burden, even while contributing to their favorite charities. A donor-advised fund may well be that opportunity.”
Does Artwork Belong in a Charitable Remainder Trust?
“Instead, they placed the items in a charitable remainder trust, received a tax deduction for part of the value, received income from the trust, and then gave a sum to a charity of their choice.”
How Does the SECURE Act Change Your Estate Plan?
“These changes are so significant that every such plan holders should review their wishes and how their estate plans may be affected.”
You Have Questions, Estate Planning has Answers
Having a good plan can prevent some problems from ever arising.
