After years of uncertainly and even anticipation regarding how Congress would handle federal estate taxes, the American Taxpayer Relief Act was remarkably a “non-event.” The Act essentially extended, or made “permanent” (with one notable exception for very wealthy people), the rules and exemptions for estate, gift and generation skipping transfer taxes that were established in
Read on »Posts Tagged: living trusts
“Name That Beneficiary”—The Wills and Won’ts of Wills
Do you really need a will? It depends. But if you have a bank account, life insurance, retirement plan or any type of an investment account you do need to make sure that any beneficiary designations clearly define the person or entity where you want those assets to go upon your death. It’s a common misunderstanding that your will determines
Read on »