Inheriting a retirement account

INHERITING A RETIREMENT ACCOUNT

Gabriel Katzner - January 25, 2021 - Estate Planning

Meet the Smith family. Mark is the co-owner of a small business with his wife, Margo. The couple has two adult children, Jessica and Larry. Mark also has a sister, Jan, whom he has been financially supporting for several decades. Mark and Margo each have their own retirement accounts. They have contributed to them since […]

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altruistic and financial benefits

THE ALTRUISTIC AND FINANCIAL BENEFITS OF CONSERVATION EASEMENTS

Gabriel Katzner - December 22, 2020 - Income Tax Planning

Jocelyn and Mike Brown own two hundred acres of land overlooking a beautiful ski town with a mountain range in the background. Jocelyn and Mike have five children and 18 grandchildren. None of the children or grandchildren have the financial resources to buy the land outright so that the equity can be evenly divided amongst […]

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State Income Tax Planning using Non-grantor Trusts

STATE INCOME TAX PLANNING WITH INCOMPLETE GIFT NON-GRANTOR (ING) TRUSTS AND COMPLETED GIFT NON-GRANTOR TRUSTS

Gabriel Katzner - October 27, 2020 - Income Tax Planning

Does looking back at 2020 bring on a feeling of panic? What happened? An unforeseen viral pandemic spread globally and brought financial destruction in its wake. Economists estimate that the pandemic’s total cost was more than $16 trillion in the U.S. alone. Each family of four had an estimated financial loss of $200,000.1 That, or […]

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Funding a College Education

EDUCATION FUNDING FLEXIBILITY IN LIGHT OF COVID-19

Gabriel Katzner - September 28, 2020 - Estate Planning

Funding a College Education: Don’t Be Overwhelmed by the Options New parents focus on milestones such as first steps and first words, not funding a college education. Investing in your child’s college education early in life can pay off in the long run. Each plan has a different menu of benefits and restrictions. It is […]

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Your art collection in your estate is valuable.

SPECIAL ESTATE PLANNING CONSIDERATIONS FOR ART AND OTHER COLLECTIONS

Gabriel Katzner - June 22, 2020 - Estate Planning

Many people are passionate about their collections, both the financially valuable (art or stamps) and the sentimentally valuable (mementos and postcards). If you have a collection—no matter its monetary value—you’ll want to include your treasures in your estate plan. Make arrangements in advance to ensure that the collection is handled in the way you want, […]

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Charitable planning for your estate.

CHARITABLE PLANNING: HOW TO PROCEED

Gabriel Katzner - May 25, 2020 - Estate Planning

You may decide to give to a charity because you believe strongly in a cause or organization, but there are also additional personal benefits to this move that you may or may not have considered. For example, charitable giving can reduce your yearly income tax bill and remove value from your estate, which can help […]

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Non-U.S. citizen estate plan

CAN A NON-U.S. CITIZEN CREATE AN ESTATE PLAN IN THE U.S.?

Gabriel Katzner - May 4, 2020 - Estate Planning

The United States has experienced a surge in immigration since 1970, and in 2019 alone, approximately 1,031,000 foreign nationals obtained lawful permanent resident status. It is essential for those individuals, just like U.S. citizens, to have estate plans in place. But there are several special issues non-citizens will need to consider as they move forward. […]

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charitable gifts can be cash, property or retirement account disbursements

CHOOSING A CHARITABLE GIFT

Gabriel Katzner - April 27, 2020 - Income Tax Planning

If you make a donation to a public charity, you are not limited to donating cash. Depending upon your finances and personal goals, you may be able to donate different types of accounts or pieces of property to the charity instead. Cash The fastest and easiest way to make a financial impact for your favorite […]

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secure act

MASSIVE CHANGE TO RETIREMENT PLANNING – THE SECURE ACT IS NOW LAW

Gabriel Katzner - January 5, 2020 - Estate Planning

What Impact Will It Have On You and the Beneficiaries of Your Retirement Accounts Post Your Death? On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (the SECURE Act), effective January 1, 2020. The SECURE Act contains, by far, the most significant changes to retirement planning in a […]

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