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    4. What’s trending on NP Trusts & EstatesArticles

    Article

    What’s trending on NP Trusts & Estates

    Aug 7, 2019

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    By Sarah Richards

    The IRS announced an increase in the HSA contribution limits, traditional IRA beneficiary designations, implications and more. Here’s what’s trending in estate planning and wealth management.

    Estate and Gift Planning

    Incapacity: A good reason to fund your trust and name a power of attorney and health care proxy

    With proper planning, you can avoid additional financial costs and stress on your loved ones if you become incapacitated.—Sarah M. Richards

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    2020 Health Savings Account (HSA) contribution limits

    The IRS recently announced an increase in the HSA contribution limits for 2020.—Darrell Kamholz

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    Income Tax

    Traditional IRA beneficiary designations and implications

    There are advantages and disadvantages of naming certain beneficiaries on your Individual Retirement Account (“IRA”), with each option resulting in different tax implications. Knowing your options and consulting with your legal counsel can assist you in the process and can potentially save the beneficiary substantial amounts of money.—Lauren Whiting

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    Practices

    Trusts, Wills, and EstatesPrivate Wealth & Advisory

    Insights And Happenings

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      What’s trending on NP Trusts & Estates

      Sep 4, 2019
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      What’s trending on NP Trusts & Estates

      July 3, 2019
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      What’s trending on NP Trusts & Estates

      June 5, 2019

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