Independent Retirement Account - Defined, What Are The Options?
Posted by: Eric Hundin in , Estates, Wills, Trusts, Career Information, Blog CarnivalThere are typically two types of beneficiaries for an Independent Retirement Account (IRA). A beneficiary can be either a spouse or non-spouse, and each group has different options and benefits to receiving money from an inherited IRA.
INHERIT INDEPENDENT RETIREMENT ACCOUNT FROM SPOUSE
If you inherit an IRA from a spouse, you have the option of taking the IRA as your own and also making further contributions to the account. If you choose to take the IRA as your own, (more…)
Avoid Probate With Proper Asset Titling
Posted by: Eric Hundin in , Estates, Wills, Trusts, Career Information, Blog CarnivalThinking about Estate Planning can be very much like looking into a deep pit peering over your toes and looking down into a yawning chasm that seems to get deeper and broader with every passing second. Add the depth and complexity of this topic to the present-day confusion that exists in America because of the ever-changing estate tax laws, and the topic becomes quite difficult indeed.
However, in the interests of keeping things simple, there are some very important estat (more…)
How a Charitable Remainder Trust Avoids Capital Gains
Posted by: Eric Hundin in , Estates, Wills, Trusts, Career Information, Blog CarnivalCharitable remainder trusts can increase your income, avoid capital gains taxes, lower or eliminate estate taxes, serve as another type of retirement plan, serve humanity and put a warm feeling in your heart. Here is an example that applies to anyone contemplating selling a highly appreciated asset.
In the Path of Progress
Clarence and Mildred had a farm that has been in the family since 1930. They raised corn and had a few cattle. However, the farm has been inactiv (more…)
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