The Senate is currently primarily controlled by Democrats. Could this impact your Estate Planning? It's possible. My friend and colleague Steve Hartnett, an estate planning expert, has written an informative blog on the subject. Read on to learn more. … [Read more...] about Biden Administration Could Reduce Estate Tax Exclusion
Legal Education
Trust Distribution Standards May Be Very Broad
Trustee distribution standards could be very broad. “Health, education, maintenance, and support” is such a standard, which has its origin in tax regulations. My friend and colleague Steve Hartnett, an estate planning expert, has written an informative blog on the subject. Read on to learn more. … [Read more...] about Trust Distribution Standards May Be Very Broad
Revocable Trusts Are Not Always Treated the Same as an Individual
A revocable trust is treated the same as the individual for most purposes. But for some narrow purposes it can be treated differently. My friend and colleague Steve Hartnett, an estate planning expert, has written an informative blog on the subject. Read on to learn more. … [Read more...] about Revocable Trusts Are Not Always Treated the Same as an Individual
It’s Important to Have a Coordinated Estate Plan
There are many parts to an Estate Plan. The Revocable Trust is just one part. It’s important to coordinate the various parts of the Estate Plan. My friend and colleague Steve Hartnett, an estate planning expert, has written an informative blog on the subject Read on to learn more. … [Read more...] about It’s Important to Have a Coordinated Estate Plan
Roth IRAs Can Be a Great Planning Strategy: Advanced
This is the second in a two-part series on Roth IRAs by my friend and colleague Steve Hartnett, an estate planning expert. The first part reviewed the basics of Roth IRAs. Read on to learn more. … [Read more...] about Roth IRAs Can Be a Great Planning Strategy: Advanced
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. My friend and colleague Steve Hartnett, an estate planning expert, has written an informative blog on the subject. Read on to learn more. … [Read more...] about Roth IRAs Can Be a Great Planning Strategy: Basics
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. My friend and colleague Steve Hartnett, an estate planning expert, has written an informative blog on the subject. Read on to learn more. … [Read more...] about Dangers of Do-It-Yourself Estate Planning
Tax Reporting with Trusts
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.” Nongrantor trusts are trusts which are not grantor trusts. But, what is the tax reporting for grantor and nongrantor trusts? My friend and colleague Steve Hartnett, an estate planning expert, has written an informative blog on the subject. Read on to learn more. … [Read more...] about Tax Reporting with Trusts
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. My friend and colleague Steve Hartnett, an estate planning expert, has written an informative blog on the subject. Read on to learn more. … [Read more...] about Taxation of Nongrantor Trusts
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. My friend and colleague Steve Hartnett, an estate planning expert, has written an informative blog on the subject. Read on to learn more. … [Read more...] about Advantages of Using a “Grantor Trust” in Planning
