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Tag: Estate Planning

Supreme Court Tax Case Reveals Two Issues in Estate Protection

January 12, 2024
The US Supreme Court on Dec. 13 agreed to hear arguments in Connelly v. United States, wading into a circuit split on the proper estate tax valuation of a decedent’s shares in a closely held business.
The case highlights the importance of two actions that can help practitioners protect their business-owning clients.
Read more at Bloomberg Tax

An Odd Word With a Big Advantage: Defining a "Fiduciary"

June 14, 2023

Fiduciary. For a word that’s been around since 1631, it sure has done a good job of escaping understanding.

But by consulting another dictionary, one might finally understand what all the hype is about. Dictionary.com defines fiduciary this way: “a person to whom property or power is entrusted for the benefit of another.” That’s better.

Read more at smartasset

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Rolling back Michigan's retirement tax

April 27, 2023

Rolling back Michigan's retirement tax triggers plenty of questions, confusion

The reality, like many things when it comes to taxes, is that many Michigan retirees could be stumped when they end up staring at complex retirement-related tax calculations for their 2023 state income tax returns next year and afterward.

Read more at Detroit Free Press

Is my money safe?

March 30, 2023

Is my money safe? What you need to know about bank failures

Yes, if your money is in a U.S. bank insured by the Federal Deposit Insurance Corp. and you have less than $250,000 there. If the bank fails, you’ll get your money back.

Nearly all banks are FDIC insured. You can look for the FDIC logo at bank teller windows or on the entrance to your bank branch.

Read more at Associated Press

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A Saver’s Guide to SECURE 2.0

March 16, 2023

How, and when, the new federal law changes the game for retirement savings

The key provisions of SECURE 2.0 aim to bolster Americans’ opportunities to save for retirement and to draw income from those funds later in life.

Read more at AARP

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Turning Low Stock Prices Into a Plus for Estate Planning

March 15, 2023

Future Returns: Turning Low Stock Prices Into a Plus for Estate Planning

A bear market in stocks may be painful, but it can create the right circumstances for estate planning.

Read more at Barrons

Mistakes People Make With Their Wills

February 17, 2023

The Biggest Mistakes People Make With Their Wills

Everybody knows they should have a will, and not having one can leave heirs with a big mess. But just having a will isn’t enough. Big mistakes are common

Read more at The Wall Street Journal

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Have questions about Estate Planning?

February 21, 2022

Have questions about Estate Planning? Not sure what it means?

Visit our Estate Planning FAQ's Here

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Who Inherits the Property After the Death of the Cosigner?

December 13, 2021

A cosigner has no rights over your property unless you include their name in the deed. If you co-own the property with the cosigner, you need to review your agreement or contract to determine what happens when the cosigner dies.

Read more at LegalReader.com

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Why The Biden Administration Is Motivating Wealthy Families To Address Their Estate Plans

November 9, 2021

At the moment, it appears any immediate changes are on hold. But that doesn’t mean wealthy families can be complacent. In fact, they should be even more motivated.

Read more at Forbes

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