Qualified Domestic Trust (QDOT) Estate Planning Option for Non-Citizen Spouse
The Qualified Domestic Trust (QDOT) is an imortant estate planning option for married couples composed of at least one non U.S. citizen. The United States federal estate tax laws are very different as they relate to a surviving spouse who is not a U.S. citizen compared to a citizen spouse. In particular the surving non-citizen …
Does Your Power Of Attorney Let Your Agent Change Your Beneficiaries? Should It?
Since the recent Supreme Court ruling in Slomski, you might want to check your power of attorney with your will, trust, or estate planning lawyer to make sure that it still accurately reflects your intentions. You can also visit here to read the Slomski case on our web site www.PaEstatePlanners.com.
Return of the RMD – Required Minimum Distributions Return for 2010 and 2009 Deductions that You Can Still Take!
Good income tax planning is part of any good estate planning. Do you need deductions for 2009? Are you subject to Required Minimum Distributions in 2010? Read on....
Asset Protection and Tax Fraud and Danger Signs – Avoiding Strategies Too Good To Be True
Visit www.PaEstate Planners for valuable articles and information about wills, trust, and asset protection planning and avoiding tax fraud in investments
Save Your Personal Injury Award With OBRA Special Needs Trusts In PA
Save Your Personal Injury Award With OBRA (42 U.S.C. § 1396p(d)(4)) Special Needs Trusts in Pennsylvania (PA) and elsewhere. Many individuals injured in an accident, through negligence or medical malpractice find themselves disabled to varying degrees. Among the things they can no longer do is maintain a job. Therefore these individuals receive public benefits …
Restarting IRA and 401(k) Distributions For 2010
If you stopped taking mandatory IRA or 401(k) distributions last year you might be wondering if you can do the same this year. The quick answer?
Asset Protection and Joint Bank Accounts – It May Not Be All About The Signature Card
By David Frees Esq. “Top Lawyer” by Main Line Today Magazine. Married couples often believe that signing a joint signature card at the bank makes those assets impervious to creditor claims in the event you are sued. And, while Pennsylvania law does offer some protection on joint accounts, you need to be …
Remember To Review The Tax Allocation Clause In Your Will or Trust
Remember to Review The Tax Allocation Clause In Your Will or Trust. by Douglas L. Kaune, Esquire. Most people do not realize that they can choose which beneficiaries will be responsible for paying the PA inheritance tax and federal estate tax on their taxable estate. Many wills are written automatically and sometimes incorrectly to say …
We’re Not Married – Do We Need A Will?
Estate planning for unmarried couples is a must. Without a will many protections for married couples will not apply...
Roth IRA Conversion Might Equal Estate and PA Inheritance Tax Savings
Roth IRA Conversion Might Equal Estate Tax and PA Inheritance Tax Savings. Many individuals are considering whether or not to take advantage the new Roth IRA conversion rules. Read this Smart Money article for some of the issues to consider for Roth conversions. This decision will require an in depth analysis of each individual’s …