Right now, gift and generation skipping transfer tax exemptions, set at $5.34 million each, have caused a resurgence in interest regarding self-settled trust. As of now, only fifteen states allow for these types of trusts: Alaska, Delaware, Hawaii, Mississippi, Missouri, Nevada, New Hampshire, Ohio, Oklahoma, Rhode Island, South Dakota, Tennessee, Utah, Virginia and Wyoming. Several of these states, including Delaware and Nevada, tend to be popular locations for DING/NING trust establishment when the trust creator lives in a high state income-tax and capital gains tax environment.
August 4, 2014 | Asset Protection Planning
Right now, gift and generation skipping transfer tax exemptions, set at $5.34 million each, have caused a resurgence in interest regarding self-settled trust. As of ...
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August 1, 2014 | Asset Protection Planning
Offshore account taxpayer Ashvin Desai was recently sentenced to six months in prison in addition to six months of home confinement for not reporting foreign ...
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July 31, 2014 | Asset Protection Planning
A recent decision from the Supreme Court means there’s no better time than now to review your estate plans and ensure that you have identified ...
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July 23, 2014 | Asset Protection
The Los Angeles Clippers sale recently seemed to go ahead just the way that most players, fans, and the NBA commission wanted it, leading to ...
Learn MoreJuly 22, 2014 | Blended Families
Second or third marriages can be very fulfilling, but they also bring their own set of challenges when it comes to estate planning. There could ...
Learn MoreJuly 21, 2014 | Business Law
It’s exciting to think about the prospect of going into business with someone you already know, but this step should be taken carefully or you ...
Learn MoreJuly 18, 2014 | Charitable Giving
For many individuals approaching estate planning, charitable giving is going to factor into the equation somehow. The most popular way of passing on assets currently ...
Learn MoreJuly 17, 2014 | Estate planning
For the most part, financial planning and estate planning tools are very similar for men and for women, but there are several facts that result ...
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July 16, 2014 | Business Law
There is no doubt that working in a family business can be rewarding, but it might also come with some challenges. With regard to succession ...
Learn MoreJuly 15, 2014 | DING
Like a lot of business planning strategies, it’s best that you meet with a legal professional to discuss the best tactics for your situation. One ...
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Understanding the rules for inherited IRAs is essential to avoiding costly mistakes. Learn the key differences between spouse and non-spouse beneficiaries, required distributions, and important planning considerations. An Individual Retirement Account (IRA) is often one of the ...
<p>The post Inherited IRAs: What Families Need to Know When a Spouse or Adult Child Inherits a Retirement Account first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
Mid-year is the ideal time for business owners and high-net-worth families to review estate plans, tax strategies, retirement planning, and wealth transfer opportunities before year-end. As the calendar reaches its midpoint, many business owners and affluent families are focused on growing their businesses, managing investments, and enjoying the summer months. However, mid-year is also ...
<p>The post Mid-Year Planning Checklist for Business Owners and High-Net-Worth Families: Estate, Tax & Financial Strategies to Review Before Year-End first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
Discover how strategic gifting can help reduce future estate taxes, support loved ones, and create a lasting legacy as part of a comprehensive estate and financial planning strategy. When most people think about estate planning, they picture wills, trusts, and beneficiary designations. While those documents are essential, one often-overlooked strategy can provide ...
<p>The post The Power of Gifting: A Smart Strategy for Estate, Tax, and Financial Planning first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
