Need to understand if a life insurance policy is subject to taxes is important and what effect the policy being held in an irrevocable life insurance trust?
Income tax issues can be a headache when implementing an estate plan or trust administration. Continue reading here to be prepared.
When an individual passes away, their estate may have to pay estate taxes if the gross estate exceeds the applicable exemption amount in effect in the year of the decedent’s death. This year, that exemption amount is $5.25 million.
There are three Distribution Options for an IRA beneficiary who is not a spouse. How they take the funds has tax consequences for each option.
an experienced estate planning attorney can help you create a plan that accomplishes your goals while also planning for potential tax consequences.
The IRA Problem Orange County Estate Planning Attorney James F. Roberts
