Here is another of the “ask the expert” questions featured at www.eldercarematters.com.
Posts Categorized: Trusts & Estates
This is another of the featured questions I authored for www.eldercarematters.com. I was given the honor of being named their inaugural national elder care expert of the week.
Roth IRAs offer some great planning opportunities, largely centered around the fact that they do not entail “required minimum distributions.”
Doing it yourself is fine if you know what you’re doing.
PACE is a little-known program that may offer promising alternatives for elder care.
Estate tax exclusion “portability” is a nice idea, but dangerous if you don’t understand its implications.
An important piece of the new tax act is the extension of a great way to make charitable gifts through your IRA. The only catch is you have to be 70-1/2 or older to take advantage of it.
Estate taxes are completely optional for those who are motivated to avoid them. A special wrinkle in the law provides a rare opportunity to make gifts to charity and your loved ones without the IRS or Congress getting their hands on your assets after you are gone.
Now we know what the gift, estate, and generation-skipping transfer tax rules will be–for the next two years, as Congress passes the “tax relief” bill that we have been hearing so much about. There may be good reason to breathe a sigh of relief, but not to put off estate planning.
Being named as a Trustee is a great honor. It is an even greater responsibility. There are some things you should think about before you accept the role.