In the News: Providing a Surviving Spouse with a Source of Funds while Protecting Family Wealth
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains how a QTIP trust can be used to keep assets in the family bloodline. Read the Article
Providing a Surviving Spouse with a Source of Funds While Protecting Family Wealth
Managing Associates, K.C. Smith, CFP®, and D.J. Barker, CWS®, lead a conversation with Troy Harmon, CFA, CVA, on a wealthy family whose patriarch is acting irrationally and falling in love with a younger woman who may only be after the family’s money. The experts discuss the type of estate planning that they can do now before there is a marriage and what families can do proactively to protect assets.
Qualified Longevity Annuity Contracts: Income for Later in Life
Insurance Expert Jim Crone, CLU®, CFS®, brings a case study about an investor who was sold annuities inside his IRA—something most financial planners would not recommend. Jim also discusses Qualified Longevity Annuity Contracts, an annuity that may help stretch your IRA until you reach old age.
Cutting the IRS Out of Your Gifts
It’s best to know the rules for gifting, otherwise you may end up making a gift of taxes to the IRS. We explain in this week’s Tax Tip.
Will vs. Trust: Is One Better than the Other?
Wills and trusts allow you to distribute your assets at death, but there are differences between these documents. We explain in this week’s Financial Tip.
What is a family limited partnership, and will it help reduce estate taxes?
A family limited partnership can be a powerful estate planning tool for business owners. We explain in this week’s Business Tip.
Five Things to Know About Inherited IRAs
If you’re the beneficiary of an IRA, you need to be aware of the special rules concerning RMDs. We explain in this week’s Financial Tip.
Surviving Spouse Estate Tax Exclusion
The estate of the decedent may elect to pass any unused lifetime exclusion to the surviving spouse. Read more in this week’s Tax Tip.
How will estate taxes be paid if I leave no provision in my Will?
There are taxes even in death. If you have no estate tax provision in your Will, state laws intervene. Learn more in this week’s Tax Tip.
Spending Your Wealth or Leaving an Inheritance
In today’s @MDJOnline, Bil Lako, CFP® covers spending retirement assets vs. leaving an inheritance for your children. Read the Article