This is the second in a two-part series on Roth IRAs. The first part reviewed the basics of Roth IRAs. Read on to learn more.
Roth IRAs Can Be a Great Planning Strategy: Basics
Roth IRAs can be a great planning strategy. They can save taxes and help in many ways. Read on to learn more.
Taxation of Nongrantor Trusts
“Nongrantor” trusts are trusts which aren’t taxed to a substantial owner pursuant to the grantor trust rules. Such a trust must file its own tax return and the income of the trust would be taxed to it, unless distributed. Read on to learn more.
Home Value Increases Can Create Estate Tax Liability
We have all watched our home values go up over recent years, and it is exciting to see your fortunes rise. Here in Manhattan, real estate has always been expensive, and the median annual cost for a home right now is just over $650,000 according to Zillow.com. This is the good news, but there is […]
Jim Morrison’s Estate Plan Mistake Revisited
Jim Morrison considered himself to be a poet, and he emerged as a cultural icon when he fronted The Doors during the heyday of the classic rock era. Sadly, he passed away of a drug overdose when he was just 27 years old. The date of his passing was June 3, 1971, so people are […]
Dangers of Do-It-Yourself Estate Planning
Occasionally, those who are not Estate Planning attorneys will attempt to do their own Estate Planning. Perhaps they’ll go online and get a document to use. Unfortunately, Estate Planning is about far more than a cookie-cutter document. Read on to learn more.
Advantages of Using a “Grantor Trust” in Planning
Grantor trusts are trusts which are income taxed to the “substantial owner” of the trust. Usually, the substantial owner is otherwise known as the “grantor” or “trustor.” Grantor trusts can be quite useful in tax planning. Read on to learn more.
New York Community Medicaid Look Back Is Coming
We are going to look at a time sensitive matter related to Medicaid eligibility in this post. But before we explain it, we will provide some background information so you know why Medicaid should be on your radar. Medicare Eligibility A lot of people are not aware of a very inconvenient truth that can potentially […]
Four Tips to Help Minimize Estate Contest Risks
If you are going to make estate planning decisions that will not please someone that will be expecting a bequest, you have to consider the possibility of an estate contest. These situations are messy, and they negatively impact everyone in the family. In this post, we will share four tips that you can help you […]
The Role of the Estate Planning Attorney
Clients often come to an Estate Planning attorney with specific ideas in their minds. The attorney’s role is to counsel them regarding their plan, not just to draw up documents to accomplish it. Read on to learn more.
