Estate Planning

Pre-Election Estate Planning Moves for High Net Worth Families

By |2020-09-28T08:41:51-04:00September 28th, 2020|Estate Planning, Financial Planning|

What to do? What to do? The 2020 presidential election is just around the corner and questions are being asked about how to protect your wealth, no matter who’s elected. Each candidate has broadly divergent views about income taxes, capital gains taxes, estate taxes; how much you keep, and how much the government will come after. With that in mind, [...]

A Major Estate Planning No-No

By |2020-09-25T08:52:23-04:00September 25th, 2020|Estate Planning, Financial Planning|

Oh, my! I cringe every time I hear that someone has added their kids’ names to the deed of their house as an estate planning technique. It’s done for the right reasons, but it often backfires. Sometimes, elderly people will add kids to the deed, thinking they’re removing the house from their assets in order to become Medicaid-eligible. Unfortunately, there [...]

Good Bye Stretch IRA—Hello Charitable Remainder Trust

By |2020-06-03T13:37:23-04:00June 3rd, 2020|Estate Planning, Financial Planning|

The government giveth, and the government taketh away. And so it is with the Stretch IRA. For years, the stretch IRA has been a financial planning strategy used to extend the tax-deferred status of an IRA by passing it on to a non-spouse beneficiary, such as children or grandchildren, who then enjoyed the tax benefits “stretched” over their lifetimes. With [...]

7 Estate Planning Potholes

By |2020-05-18T09:11:31-04:00May 18th, 2020|Estate Planning, Financial Planning|

Estate planning. It’s such a noble phrase. It conjures up images of passing on to your loved ones a lifetime of hard work and success—leaving a legacy. But the road to distributing your estate is filled with potholes that may hijack your good intentions. ? Pothole # 1. Probate Court. If you have a will, your estate will go through [...]

Like-Kind Exchange Deadline Extensions – IRS Notice 2020-23 Violates The Inviolate

By |2020-05-06T09:06:18-04:00May 6th, 2020|Estate Planning, Financial Planning, Retirement, Taxes/Fiscal Policy|

By Rafael A. Perez, Esq., Partner at McArdle, Perez & Franco P.L. and Chief Compliance Officer at Alhambra Investments ? Introduction: Over the past several decades of practicing real estate law I have had many clients, both domestic and foreign, ask me to apply for an extension of a like-kind exchange deadline. My response has always been that this is [...]

The Economic Relief Bill Makes It Easier to Donate to Charity

By |2020-04-01T10:41:30-04:00April 1st, 2020|Estate Planning, Financial Planning|

When the 2017 Tax Cuts and Jobs Act (TCJA) was passed it changed the rules about deductions for charitable giving. Under current law the only way to deduct charitable gifts is to itemize on your tax return. Because of that, giving to charities has fallen substantially. In 2018 almost 32 million Americans made charitable donations. In 2019 that number dropped [...]

Will or Trust – Which Should I Have?

By |2019-11-06T11:48:22-05:00November 6th, 2019|Estate Planning, Financial Planning|

Do I need a will or a trust? That’s the most basic question to begin creating an estate plan. And, let’s face it, you really do want a say in who gets what after your gone. That’s just human nature. Without some kind of legal instructions, you can’t guarantee that your wishes will be carried out. So, is a will [...]

The Last Piece of the Estate Planning Puzzle

By |2019-09-24T12:14:33-04:00September 24th, 2019|Estate Planning, Financial Planning|

You’ve worked hard to get your estate plan in place. The appropriate documents have been created and signed. You’ve named the person who’ll carry out your final wishes. But have you completed the final piece of the estate planning puzzle? If this last piece is in place, it will make it substantially easier for your executor or trustee. The last [...]

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