Inheritance Taxes

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Is a Revocable Trust for You?

Submitted by Travis Russell on Wednesday, October 14, 2015 - 12:00pm

You worked hard your whole life to build something to leave to your kids or other heirs. Many different tools exist to help make sure they get the most you can give. One we often recommend to our clients is a revocable trust.

How to Inherit Wisely

Submitted by Kimberly Nguyen on Tuesday, September 22, 2015 - 12:00pm

Inheriting $1 million may sound like a blessing. But most people experience confusion, anger, sadness or some combination of the three, according to the Financial Planning Assoc. If you are a beneficiary grieving the loss of a loved one, here are some simple steps to make sure that the emotional toll does not end up a financial one, as well.

Thinking Through a Legacy

Submitted by Lewis J. Walker on Friday, August 28, 2015 - 3:00pm

When you say, “I want to leave a legacy,” what do you mean? Is legacy about money, possessions, memories, spirituality, meaning, love, circles unbroken, the lives of loved ones and fellow humans who are better off because you were here ... what?

Higher Estate Taxes: Bad Idea

Submitted by Phillip Shrotman on Friday, February 27, 2015 - 9:00am

Boosting the tax on inherited wealth is a perennial goal of some politicians. And while the White House’s latest plan to boost the levy on estates faces a dim future in a GOP-controlled Congress, the concept will continue to pop up. There’s a lot wrong with this idea.

New Year, New Tax Rules

Submitted by Lewis J. Walker on Tuesday, February 3, 2015 - 12:00pm

It’s a new tax year, and many deductions, exemptions and other Internal Revenue Service provisions have changed. Be aware of them. Some will cost you more, some will help you.

Entering 2015, we begin the paper chase leading up to filing tax forms for 2014. As we account for last year, start planning now for 2015. Time flies. This century already is 14% gone.

Bequeathing Your Retirement $

Submitted by Joseph A. Clark on Monday, February 2, 2015 - 12:00pm

Families inherit money and sometimes make the right moves investing and spending. Inheritances can also ignite disruption, divorce and a host of bad behavior far from the hopes and plans of the benefactor. What happens when you leave what’s probably one of your biggest investments: your individual retirement plan?

Curbing Taxes on Inheritances

Submitted by Lon Jefferies on Tuesday, September 16, 2014 - 12:00pm

Inheriting appreciated assets from your deceased spouse can bring a host of financial complications at the time of life when you already have too much on your mind. Here’s the math to know how to be prepared – and maybe save on taxes.

Estate Planning: The Heirs

Submitted by Elizabeth Anderson on Monday, September 15, 2014 - 3:00pm

The murkiest part of estate planning is to discuss when and how to distribute your assets to your heirs. This process requires a series of considerations and trade-offs to avoid emotion-laden family problems.

Up to now in our series of articles we focused on numbers, which are objective and straightforward. But when it comes to this final set of issues, things get gray because emotional factors drive decisions now. There is no correct answer on how to distribute your estate.