by Joel Roettger | Mar 25, 2017 | Estate Planning, Retirement Assets, Tax
Although many people think of Health Savings Accounts (HSAs) as simply a vehicle to pay current medical expenses, they can also be a valuable component of retirement savings. Contributions can be invested like a 401(k), and the growth inside the account is not taxed...
by Joel Roettger | Mar 23, 2017 | Probate, Tax
An executor is normally not personally liable for the debts of a decedent. However, a special rule applies to federal taxes. Outside the Tax Code, in an obscure corner of federal law, we find the following: A representative of a person or an estate (except a trustee...
by Joel Roettger | Mar 22, 2017 | Estate Planning, Probate
Operation of law (e.g., joint tenancy with right of survivorship) Beneficiary Designation (life insurance, retirement assets, annuities) Will Trust (revocable or irrevocable) Intestacy (no will) In a properly designed estate plan, Items 1, 2, 3 and 4 will be...
by Joel Roettger | Mar 20, 2017 | Estate Planning
The most common question clients ask estate planners is “how often should I update my estate plan?” The answer depends not so much on the passage of time–e.g., every X years–as on changes in family circumstances and financial condition. That...
by Joel Roettger | Mar 19, 2017 | Tax
On March 2, 2017, Administrative Judge Brook Thompson issued an “Initial Decision and Order” denying a property tax exemption to the Tennessee Beef Industry Council, Inc (the “Beef Council”) for a 0.53 acre tract of land improved with a 5,916 square foot office...
