Estate Planning

Do You Know Who Your Beneficiaries Are?

Why you should periodically review beneficiary designations. Your choices may need to change with the times. When did you open your first IRA? When did you buy your life insurance policy? Are you still living in the same home and working at the same job as you did back then? Have your priorities changed a bit – perhaps more than a bit?  While your beneficiary choices may seem obvious and rock-solid when you initially make them, time has a way [...]

By |2017-03-28T08:17:32-04:00September 13th, 2012|Estate Planning, Personal Finance|Comments Off on Do You Know Who Your Beneficiaries Are?

Getting off on the Right Foot in 2012: Estate & Gift Taxes

At the end of 2012, some very nice estate tax breaks could sunset. Barring action by Congress, 2013 could see a 20% leap in the federal estate tax rate from 35% to 55%. The individual estate tax exclusion (currently $5.12 million) is scheduled to be reduced to $1 million.1 As we have unified gift and estate tax rates, those numbers and percentages also apply to gift taxes. That is, from 2012 to 2013 top federal gift tax rate is set [...]

By |2017-03-28T08:17:34-04:00February 21st, 2012|Estate Planning|Comments Off on Getting off on the Right Foot in 2012: Estate & Gift Taxes
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