Potential income tax issues to be aware of when implementing an estate plan?
Income tax issues can be a headache when implementing an estate plan or trust administration. Continue reading here to be prepared.
Articles about Tax planning
What is considered as part of a person’s gross estate when they pass away?
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.
What are the Distribution Options for an IRA Beneficiary?
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.
Don’t Forget About Tax Basis When Creating Your Estate Plan
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”
The IRA Problem Orange County Estate Planning Attorney James F. Roberts
Three Types of Tax Benefits From a Charitable Remainder Trust in Your Estate Plan
A popular way to make gifts by creating a charitable remainder trust. The following is an overview of the tax benefits of a charitable remainder trust..