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Many Estate Tax Payers May Have Just Received a Big Break
Many Estate Tax Payers May Have Just Received a Big Break
The IRS has released a new rule that will simplify the method for estates to obtain an extension of time to make the estate tax portability election.  Known as Revenue Ruling 2017-34, this new rule will ease up on surviving spouses who failed to take advantage of their deceased spousal unused exclusion amount (DSUE) in a timely manner.  B
Could You Need a QTIP Trust?
Could You Need a QTIP Trust?
Though oddly named, a QTIP trust is used by many wealthy couples to protect their assets and provide for the surviving spouse. The catchy QTIP acronym stands for Qualified Terminable Interest Property, which is property in a decedent’s estate that can still qualify for the estate tax marital deduction (with certain restrictions). QTIP can also be p
DOL Fiduciary Rule Kicks in June 9 – Advisors to Retirement Investors must be Fiduciaries or Face Penalty
DOL Fiduciary Rule Kicks in June 9 – Advisors to Retirement Investors must be Fiduciaries or Face Penalty
The Department of Labor’s Fiduciary Rule will officially kick into effect on June 9, 2017, with full implementation by January 1, 2018. As of June 9, all advisors to retirement investors must adhere to “impartial conduct standards”, meaning they must give investment advice that is in the best interest to the client, charge for reasonable compensati
What Happens to Funds Left in Your HSA?
What Happens to Funds Left in Your HSA?
Before diving in, we’ll start with the basics of a health savings account, or HSA. A health savings account offers those who have health insurance with high deductibles the chance to save pretax funds to use for medical expenses. If there are any unused funds in the HSA at the end of the year, they roll over to the next year. Unlike with a Flexible
Digital Assets and Your Estate Plan
Digital Assets and Your Estate Plan
In today’s high-tech world, technology has produced a new form of property that we need to think about in our estate documents. Digital assets are now an essential part of the estate planning process, but some people may still overlook them! It’s important to not only remember your digital assets when working with your estate planner, but also unde
Strategies for Maintaining Your Wealth while Giving to Charity
Strategies for Maintaining Your Wealth while Giving to Charity
Some potential charitable donors are faced with quite the dilemma: how to give to charity while still maintaining wealth and financial security for their own family. The concern is that a substantial charitable gift could end up depriving their family members of funds they may need for future emergencies. But the longer the potential donor stalls,
Behavioral Finance - When Perception is Deception
Behavioral Finance - When Perception is Deception
According to conventional, or modern, financial theory, people are generally rational and predictable investors. Some popular conventional finance theories are the Capital Asset Pricing model, which explains the relationship between systematic risk and expected return, and the Efficient Market Hypothesis, a theory that claims it is impossible to be
Reasons Not to Invest in the Last 50 Years
Reasons Not to Invest in the Last 50 Years