by Joel Roettger | Jun 28, 2017 | Estate Planning, Retirement Assets, Tax
Is a spousal rollover available when the beneficiary of an IRA is a revocable trust? Surprisingly, in some cases, the IRS says yes. Decedent named a joint revocable trust as the beneficiary of his IRAs. He established the trust with Wife, and the couple funded the...
by Joel Roettger | Jun 27, 2017 | Asset Protection, Estate Planning
How much time must pass between the execution of a prenuptial agreement and the wedding of the parties in order for the agreement to be enforceable? That was one of the issues raised in a recent Tennessee Court of Appeals case. The case involved a prenuptial agreement...
by Joel Roettger | Jun 26, 2017 | Probate
How much leeway does an executor have when it comes to selling the personal property of an estate? Tennessee law generally gives executors carte blanche: Unless otherwise directed by the will and unless the specific personal property is the subject of a bequest, the...
by Joel Roettger | Jun 22, 2017 | Estate Planning, Tax, Trusts
Not if the non-contributing spouse has the unilateral power to revoke: If a trust may be terminated during the life of the donee spouse, under her exercise of a power of appointment or by distribution of the corpus to her, the interest transferred in trust satisfies...
by Joel Roettger | Jun 21, 2017 | Estate Planning, Tax, Trusts
The 7520 rate for July 2017 will drop to 2.2%. This is the lowest rate so far for the year. A table showing historical 7520 rates since 2008 is here. The effectiveness of various estate planning and charitable planning techniques is measured in terms of the 7520 rate....
