Trust Protectors are increasingly popular in trusts. This article examines how Trust Protectors can add flexibility to your trust. This flexibility helps achieve your goals and can protect the beneficiaries and Trustee. Use Trust Protectors for Added Protection and Flexibility … [Read more...]
Income Tax Basis
Income tax basis is important in tax and estate planning. This article examines the concept of income tax basis, how one acquires a basis, how it gets adjusted, etc. The article then examines how the basis is subtracted from the sale price to determine gain or loss. The next article in the series will examine how income tax basis is an important factor in estate planning. Income Tax Basis … [Read more...]
How Will You Obtain the Care You Need?
What’s the right direction for you in planning for the help you might need in the future? Seven in ten of us will need long-term care at some point in our lives. Here are possible paths for covering the assistance you may need. How Will You Obtain the Care You Need? … [Read more...]
Income Tax Basis in Estate Planning
Income tax basis is important in estate planning. This article examines what happens to an asset’s basis when it is gifted. It then examines what happens to the basis of an asset when someone dies with the asset and then bequeaths it to someone. Many people find it surprising that these are treated differently. Income tax basis is an important factor in considering estate planning strategies. Income Tax Basis in Estate Planning … [Read more...]
Top Five Insider Estate Planning Tips
On this blog, we typically provide basic, broad-based information about estate planning topics, because most people are not very well informed at all. In this piece, we are going to come from a different approach in an effort to provide some tips about some more savvy concerns that lie just beneath the surface. Don’t Underestimate Estate Administration Far too many people are completely unprepared from an estate planning perspective. Time flies, and this is not something that many people … [Read more...]
Estate Planning Tips Gone Awry
There are some folks that have a tiny bit of knowledge, and this can be dangerous, especially when they want to share it with others. This dynamic can definitely enter the picture when it comes to estate planning estate planning tips. At the end of the day, there is no substitute for qualified legal counsel, but some families pay a heavy price to learn this lesson. Downloads and Worksheets Several companies on the Internet sell downloads and worksheets that you can use to create different … [Read more...]
