by Joel Roettger | Apr 21, 2017 | Estate Planning, Trusts
There is a high economic cost to terminating a charitable remainder trust (CRT) before the date specified in the trust. There are two primary tax issues associated with terminating a CRT early: the excise tax on self-dealing and the excise tax on the termination of a...
by Joel Roettger | Apr 20, 2017 | Tax
The Tennessee legislature recently passed, and the Governor has signed, new taxpayer-friendly amendments to the Tennessee Franchise and Excise tax statutes. The changes are effective for tax years beginning on or after January 1, 2017. New Way to Make Quarterly...
by Joel Roettger | Apr 19, 2017 | Estate Planning, Tax, Trusts
A taxpayer, admittedly operating under bad advice from a financial planner and an attorney, nonetheless paid a steep price for failing to administer a charitable remainder unitrust (CRUT) properly. Grantor established a trust. He intended for the trust to qualify as a...
by Joel Roettger | Apr 18, 2017 | Estate Planning, Tax
All year, the 7520 rate has vacillated between 2.4% and 2.6%. The current 7520 rate is 2.6%. It will go back to 2.4% in May. A table showing historical 7520 rates since 2008 is here. The effectiveness of various estate planning and charitable planning techniques is...
by Joel Roettger | Apr 17, 2017 | Estate Planning, Retirement Assets
Father, the primary beneficiary of an inherited IRA, dies before the account is exhausted. His Child becomes the beneficiary. Are RMDs now based on Child’s life expectancy? No: If the individual beneficiary whose life expectancy is being used to calculate the...
