Tag: Trust and Estate Estate Planning
Estate Planning Essentials
Estate issues are extremely important to your family should you pass away or become unable to function as you do today. To make sure your family is better prepared, take a look at the following checklist. If there are items...
Guest Author Jim Niedzinski, CFP®, AIF®: The Benefits of Donor-Advised Funds
Jim Niedzinski, Wealth Advisor from Planning Alternatives, shares how to save taxes on charitable donations and make giving easier with a donor-advised fund. Jim Niedzinski, CFP®, AIF® , Wealth Advisor at Planning Alternatives, discusses the benefits of Donor-Advised Funds Jim Niedzinski is in his 20th year as a wealth...
Make estate planning a top priority this summer
As Benjamin Franklin once said, “In this world nothing can be said to be certain, except death and taxes.” Estate planning may not be a top priority to many people. However, if ignored, your assets may end up in the...
IRS delays estate basis reporting deadline
The Internal Revenue Service has again delayed the deadline for reporting the basis of property distributed from the estate of a decedent until March 31. Notice 2016-19 provides that statements required under section 6035 of the tax code, regarding the basis...
SR Client Question: What should I know about the Uniform Transfers to Minors Act?
UTMA (Uniform Transfers To Minors Act) replaced UGMA (Uniform Gifts To Minors act). In addition to gifts of securities, life insurance policies, annuities and cash, the new act also provides for gifts of other property interest, real property and titled...
Estate Planners Grapple with Digital Asset Challenges
As information rapidly becomes digitized, estate planners are facing new challenges unlocking the secured digital assets of those recently deceased. Planners often have to work through a matrix of confidential user IDs, passwords and various other encryption measures to get...
SR Client Question: What should I consider when I begin estate planning?
Initiating the estate planning process is a big step, one too many people avoid for too long. Regardless of your assets or life stage, everyone should undergo an end-of-life planning exercise, primarily through creation of an estate or trust. Customizing...