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If My Estate Is the Beneficiary of My IRA, How Is It Taxed?

When an estate is named beneficiary of an IRA, what is the method of distributing it to one individual in the most tax-effective way?

Posted on: March 24, 2021

Estate Planning and a Second Marriage

Married people in second marriages with prior children often have to balance the future well-being of their spouse with that of their own children.

Posted on: March 23, 2021

Preparing for an Estate Planning Meeting

While most initial meetings with an estate planning attorney will result in some questions you likely have never considered, there are many ways in which you can prepare for a thoughtful and productive estate planning conference that will result in a better understanding of your goals and more efficient use of time with your attorney.

Posted on: March 22, 2021

How Do I Talk to the Children about My Estate Planning?

Many baby boomers may hesitate to discuss money with their children, but the reality is that a massive amount of wealth will be transferred in the next couple of decades.

Posted on: March 19, 2021

When Do I File a Tax Return for an Estate?

My 91-year-old mother-in-law died on Dec. 13, 2020. There was no will, so we are currently working our way through the probate process. Her income was less than $20,000 a year from Social Security and we can’t find any tax returns she filed. Was she required to file?

Posted on: March 18, 2021

Should Inherited Money Be Equally Split Between Family Members

When you’re planning to divide your estate unequally, explain the reasons to your heirs, and remember: They might be hurt anyway.

Posted on: March 17, 2021

What Is a SLAT in Estate Planning?

If you have been thinking about making large gifts to take advantage of the current $11,700,000 lifetime federal estate tax exemption, you have probably been contemplating a spousal lifetime access trust, commonly known as a SLAT.

Posted on: March 16, 2021

What’s a Living Will?

A living will is a legal document that allows you to specify the kind of care you’d like to receive in end-of-life situations. This is different from an advance healthcare directive, though either one can be an important part of an estate plan.

Posted on: March 15, 2021

What Should I Do when my Spouse Dies?

While no one is ever ready to lose a loved one, proper planning in advance of a loss may help ensure that finances may be one less concern during such a trying time.

Posted on: March 12, 2021

Estate, Business and Retirement Planning for the Farm Family

Planning is one of the most important aspects of managing any business. This is especially true for farms and agribusinesses, due to their complexity and the inherent uncertainties associated with agriculture.

Posted on: March 11, 2021