The federal government follows a complex transfer tax system. Transfer taxes come in three separate forms; gift tax, estate tax, and generation-skipping transfer (GST) tax. The purpose of the GST tax is to ensure a transfer tax is i https://t.co/EkIpRFeHcs
There are a number of family trusts that estate planners generally no longer use, either because they have lost certain tax benefits or because they are simply no longer a favored method of gifting. These trusts include the Clifford https://t.co/vauRbYZPM4
For retirement plan sponsors, fee oversight rarely ends with the number on an invoice. Some plan costs are billed directly and plainly. Others are embedded in investment expenses, routed through fund companies, or paid to service pr https://t.co/FF9WHTglAp
Required minimum distributions, often referred to as RMDs or minimum required distributions, are amounts that the federal government requires you to withdraw annually from traditional IRAs and work-based retirement plans after you r https://t.co/VevUhW7G3S
When selling your business — whether to a family member, a key employee, or a third party — you effectively become a lender to the business unless the sale is entirely for cash. https://t.co/CnpG15JcXI
Retirement planning isn't an exact science, but you can plan on needing a significant percentage of your current annual income in your retirement years. You'll want to identify your expenses and also account for inflation. You'll ha https://t.co/Jlj8GF1E5m
A charitable remainder trust (CRT) can be a great way for taxpayers to leverage their generosity, producing tax savings that can be used to provide greater benefits to themselves, their spouses, or others, and then to their favorite https://t.co/hr1LNMNYzn