Can I Avoid Taxes when I Inherit?
“Unless you spend your winters in Aspen and your summers in the Hamptons, you probably don’t have to worry about paying federal estate taxes on an inheritance. In 2021, the federal estate tax doesn’t kick in, unless an estate exceeds $11.7 million. The Biden administration has proposed lowering the exemption, but even that proposal wouldn’t affect estates valued at less than about $6 million.”
Can I Use a Roth IRA in Estate Planning?
“Roth IRAs and Roth IRA conversions have received a lot of press recently. Between the various tax proposals that have been floating around Congress and normal year-end tax planning strategies, Roth IRAs are a popular topic.”
What to Do with an Inherited IRA?
“Some inherited assets are tax-friendly, but under new rules, others come with a hefty tax bill. We help you get the most out of a legacy.”
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.”
How Will the New SECURE Act Impact My IRAs and 401(k)?
“A new law could affect the IRAs and 401(k)s of millions of Americans in 2020.”
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.”
Stretch IRA Is Useful but May Become a Tool of the Past
You can call your Congressional representative, but there is little else you can do.
