Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Estate Planning

Trained as a lawyer and CPA, Bob Carlson shares his original estate planning research on the pages of Retirement Watch.

Found 292 Articles.
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Estate Planning

Understanding the Risks of Estate Plan Neglect

March 17, 2020

Many people have their estate plans on the backburner. Two fairly recent cases show why procrastinating about or neglecting an estate plan is dangerous. In the first case, a family corporation’s ownership was divided among the husband, wife, and two adult sons. The wife passed away first. There apparently was no will, and no estate […]

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The Qualified Personal Residence Trust: How to Leave Your Home to Your Heirs

February 4, 2020

In last week’s retirement watch Weekly, we reviewed the Qualified Personal Residence Trust (QPRT), and how you can use this classic estate planning tool when deciding how to pass on your home. Let’s pick back up with the second installment (here’s Part 1 of our Qualified Personal Residence Trust story)… In our example in Part […]

The Qualified Personal Residence Trust: A Classic Estate Planning Tool

January 28, 2020

One of the most difficult problems in an estate plan often is the family home or vacation home. It is an especially significant problem for estates that are likely to be taxable. A principal residence or vacation home is likely to have significant value. The key to reducing estate taxes is to remove property from […]

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Updating Your Estate Plan in 2020

January 7, 2020

It’s now 2020, and many people still have their estate plans on the backburner. They know the estate tax has changed a lot in recent years, and probably will change again. Many believe that since today’s generous estate tax exemption exceeds the value of their estate, they don’t need to worry about an estate plan. That’s a big mistake, and needs to be emphasized. […]

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estate planning

Estate Planning Tip: The Advantages of Giving Now Instead of Later

December 23, 2019

Many people fall into the trap of believing that, since the estate and gift tax rates and credits are the same, it doesn’t matter whether you give property away during your lifetime or under your will. The fact is, if property is going to be subject to the federal wealth transfer taxes or you are […]

Estate Planning

How To Plug the Leaks in Your Will & Estate Plan

December 3, 2019

Everyone needs a will… even if all your assets are owned by a living trust or held in joint title. It is unlikely that even if you have a living trust or other arrangement, all your assets will be covered by it. Any other assets will be covered by your will or disposed of according […]

Estate Planning

The Essential Estate Planning Questionnaire Provides Simple Questions in Preparing for Retirement

November 20, 2019

Estate Planning is not all about reducing estate taxes. That always was the case, but few people realized the importance of the non-tax factors until the 2001 tax law began the phase out of the estate tax. Every estate plan, regardless of the estate’s size, needs to address certain issues. Ignore these issues, and your […]

estate planning

Why Most Estate Plans Fail, Part II

November 12, 2019

In last week’s edition of Retirement Watch Weekly, we began revealing a list of reasons why most estate plans often fail. Please read on for the rest of the list… Clients generally need an estate planner who will spend some time getting to know about their families, their finances, and their general goals and values. […]

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