Charitable remainder trusts are an irrevocable transfer of property or cash into a trust that distributes income to either the donor or beneficiary. At the end of the trust’s lifespan, the remainder of the assets are distributed to the charitable beneficiary. Charitable remainder trusts provide financial security for the donor’s family and support for a predetermined charity.
Everyone thinks retirement can’t come soon enough but when is a good time to retire? There are quite a few things to consider before taking that life-changing step.
A Transfer on Death (TOD) account is where the client filled out a TOD form where assets automatically transfer to a named beneficiary when..
Real Estate investing is popular for many reasons, but one, in particular, is the ability to write off depreciation..
Joint Brokerage Accounts are most common between spouses but may be utilized for parents, kids, or others with mutual financial goals..
Transfer the money to your own account
If you inherit from your spouse, you can transfer the money into your own retirement account..
When thinking about retirement, most save through an employer (like a 401k). The second option is through a personal Individual Retirement Account (IRA)…
Most individuals are employed by a company and paid wages from a salary (W2 employees). Here are some ways individuals can reduce their tax burden..
Here are some strategies to avoid paying the large tax bill associated with that stock. As with anything, there may be downsides to each of these strategies and pros/cons that differ for each investor. Welcome Net Unrealized Appreciation (NUA).
When you name a beneficiary for an asset, it transfers upon your death to the named person. Many types of accounts allow this; investment accounts, IRAs, retirement accounts, life insurance policies, etc..
