Although it is often said that nothing is certain except death and taxes, the one tax you may be able to avoid or minimize most through planning is the tax on capital gains. Here's what you need to know to do such planning...more
11/15/2016
/ Capital Gains ,
Carry-Over Basis ,
Estate Tax ,
Income Taxes ,
Offsets ,
Primary Residence ,
Real Estate Sales Contracts ,
Residential Property Owners ,
Step-Up Basis ,
Tax Deductions ,
Tax Rates
Passing down a Roth IRA can seem like a good idea, but it doesn't always make the most sense. Before converting a traditional IRA into a Roth IRA to benefit your heirs, you should consider the tax...more
9/19/2016
/ Distribution Rules ,
Elder Issues ,
Employee Benefits ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Individual Retirement Account (IRA) ,
Popular ,
Retirement ,
Retirement Plan ,
Roth IRA ,
Tax Rates
A once-popular estate planning tool included in many Last Wills and Revocable Trusts may now cost families more in taxes than it saves. Changes in the federal estate tax have made the "bypass trust" which was often included...more
Do you want to use your IRA to help a charity, but also benefit your heirs? Instead of leaving your IRA directly to your children, you can leave it to a charitable remainder unitrust (CRUT) while still benefiting your...more
On January 2, 2013, President Obama signed into law the American Taxpayer Relief Act of 2012. This Act permanently sets the federal estate and gift tax exemption at $5 million per person ($10 million per couple), adjusted...more