Top 10 Estate Planning Myths
April 10, 2023
Everyone needs to worry about estate planning. That planning doesn’t only pertain to what happens when you die but what could happen if you end up incapacitated.
Can I Avoid Taxes when I Inherit?
January 5, 2022
Unless you spend your winters in Aspen and your summers in the Hamptons, you probably don’t have to worry about paying federal estate taxes on an inheritance. In 2021, the federal estate tax doesn’t kick in, unless an estate exceeds $11.7 million. The Biden administration has proposed lowering the exemption, but even that proposal wouldn’t affect estates valued at less than about $6 million.
Estate Planning Meets Tax Planning
March 12, 2021
By being very selective about who receives which type of money—whether Traditional or Roth IRAs, after-tax brokerage accounts, life insurance, etc.—you can dramatically cut the share that goes to the IRS and increase the amount going to your family.
Do I Have to Accept an Inheritance?
September 29, 2020
No one has to accept inherited assets. Inherited assets can be disclaimed.