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. Mark and Margo have 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 […]

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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

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 a […]

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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 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 hard […]

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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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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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Refuse an Inheritance

What if I Refuse an Inheritance?

Gabriel Katzner - November 7, 2019 - Income Tax Planning

An inheritance might seem like a positive event or a beneficial financial windfall, but there are several circumstances in which declining an inheritance might be a good idea. If you comply with certain requirements, the law does allow you to refuse an inheritance if you choose. This rejection is called a “disclaimer,” and is defined […]

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