December 07, 2016
What are a household employer’s responsibilities, how revocable and irrevocable trusts differ, using a qualified personal residence trust, five steps to protect a decedent’s identity, rules for different types of IRAs, and more. Here’s what’s trending in estate planning and wealth management.
Have you ever wondered how revocable and irrevocable trusts differ?—Stephanie A. Bruno
A QTIP trust is a planning method used by married couples to address a variety of tax and non-tax estate planning concerns.—Sarah J. Brownlow
A QPRT can be an effective planning technique for your primary residence or vacation home.—Sarah J. Brownlow
A SLAT is an attractive estate planning tool for a grantor looking to make a large taxable gift that ensures that his or her spouse can access funds in the future, if necessary.—Kenneth F. Hunt
Personal identities of decedents are stolen too. There are ways to minimize the chance of this happening to your loved one.—Jo-Ann Silva Martin
There have been several high-profile cases, including one involving an attorney general nominee, where individuals have been caught paying domestic workers their wages in cash and not reporting the wages paid to the IRS and state taxing authorities. In some cases, the domestic workers were also undocumented immigrants.—Ronald J. Leveille
What are the rules for different types of Individual Retirement Accounts?—Alyson Stevenson
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