Estate Tax

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Estate Planning

Key Changes in Estate Tax, Bypass Trusts and Tax Free Gifts

June 16, 2020

There are four basic strategies for reducing estate taxes: Reducing assets from the gross estate Removing future appreciation from the gross estate Increasing deductions, and Buying life insurance Within those four strategies are many options. Not all will be appropriate for you. But there are quite a few strategies – and it’s always good to […]

New Estate Planning Strategy: How To Use Life Insurance To Pay Estate Taxes

June 2, 2020

Sometimes the traditional strategies to reduce estate taxes are not practical or appealing. It might be difficult to give away an asset in increments over the years to make tax-free gifts. Or you might want to retain control of your assets for life. There are a lot of reasons why someone might not want to […]

Estate Planning

How To Plug the Estate Tax and Estate Liquidity 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 […]

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How to Reduce Estate Taxes and Cut the IRS Out of Your Estate Plan

August 13, 2019

There are four basic strategies for reducing estate taxes: • Reducing assets from the estate • Removing future appreciation from the estate • Increasing deductions, and • Buying life insurance. Within those four estate planning strategies are many options. Not all will be appropriate for you. But below I discuss your estate tax reduction options […]

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How to Use Life Insurance Under the New Estate Tax Laws Part II

July 21, 2019

In last week’s edition of Retirement Watch Weekly, we re-examined some factors and tools of estate planning that were altered by the new estate tax regime. Today, we’ll complete the list… […]

estate planning

How to Use Life Insurance Under the New Estate Tax Laws

July 16, 2019

Because of the still relatively new estate tax regime, some factors and tools of estate planning need to be looked at differently than before. Here’s the first area we’ll review… Life insurance. Traditionally the main reason to buy permanent life insurance was to help pay for estate taxes. The number of people with that need […]

How Your Estate Plan Should Be Changed Because of the Latest Tax Law

May 10, 2019

It is time to revisit your family’s legacy plan. For many people, it’s well past the time to revise their plans. The Tax Cuts and Jobs Act of 2017 made only a few direct changes in the estate and gift tax, but the changes have significant consequences. This law was really one of the more […]

Avoid the Gift Tax Return Trap

October 15, 2018

You might need to file a gift tax return,even if you won’t owe gift or estate taxes.The IRS can impose penalties for not filing a gift tax return, even when no tax was due. The IRS began clamping down on unfiled gift tax returns a few years ago, because many people don’t know the gift […]

October 2020:

Congress Comes for your Retirement Money

A devastating new law has just been enacted, with serious consequences for anyone holding an IRA, pension, or 401(k). Fortunately, there are still steps you can take to sidestep Congress, starting with this ONE SIMPLE MOVE.
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