5 Retirement Planning Steps to Take When You Divorce I came across a short but important article related to retirement planning that was included in the June 15, 2017, Financial Advisor Magazine. The article is entitled, “5 Retirement Planning Steps to Take When Clients Divorce,” authored by Christopher Robbins. Although the article is targeted specifically…
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What effect does moving out of state have on your estate plan? Generally speaking, an estate plan, including a will or trust and powers of attorney, validly executed in one state will be valid under the laws of any other state. From a practical standpoint, however, there are potential issues that may arise when you…
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A Brief History of the Federal Estate Tax test Permalink Comment
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How You Can Use Tech To Care For Seniors Far Away This was submitted to us by a guest blogger. It’s very informative and needs to be shared. If you have a blog you would like to share, please submit to TanyaB@MontanaEstateLawyer.com As people grow older, they could use some help from time to time. That’s why…
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Tough Decisions! My fiancé is the type of man that every woman dreams of. He has been taking care of his mother for the past 10 years. His sisters come to visit once a month or so, and his brother, who lives out of state, comes to visit twice a year. Now, he has been…
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The Beneficiary-Controlled Trust The beneficiary-controlled trust (sometimes called an inheritor’s trust) is a vehicle for an heir to receive – and enjoy – an inheritance without the inheritance being owned outright by the heir and hence subject to claims of his or her creditors. Thus, it is an asset protection tool. How does it work?…
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The Importance of the Step-Up Basis Rule Before Congress enacted legislation a few years ago dramatically increasing the estate exemption amount, the name of the game in estate planning was largely estate tax minimization or avoidance. Now, the current exemption amount is $5,490,000 per individual in 2017, and spouses have the ability to double that…
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Kids off to College? Key Legal Documents Needed. It is the time of year for our children to be going off to college. What happens if the college student gets in an accident or is really sick when for away? Who back home can find out what’s going on and make healthcare decisions? Keith Tokerud…
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Family Bank Trust Any person currently may make a tax-free gift of up to $14,000 each year to anyone he or she wishes. One potential beneficiary of an annual exclusion gift is the donor’s spouse. This is often overlooked because the law allows an individual to make unlimited lifetime gifts to a spouse under the…
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Should You Consider an IRA Trust for Your Estate Plan? The biggest advantage of IRAs and other tax-deferred retirement savings is the tax-deferred growth of your investment. The longer you can leave assets in the account to grow, the bigger the possible tax savings. This is true even if you have reached age 70 ½…
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