Step Up in Income Tax Basis

Step Up in Income Tax Basis

[vc_row][vc_column width=”1/1″][vc_column_text]In most cases, it is a bad idea to transfer assets out of a person’s name just before death. One of the reasons is due to a loss of “step up” in income tax basis as a result of the transfer. Any assets that...
How to Title Your Assets

How to Title Your Assets

[vc_row][vc_column width=”1/1″][vc_column_text]Many Last Wills and Testaments do not address distribution of assets. Here is an example: Bob and Jane are in their 60s and have been married for 10 years. They each have kids from previous marriages. Bob sets...
529 Education Savings Plans

529 Education Savings Plans

[vc_row][vc_column width=”1/1″][vc_column_text]529 Education Savings Plans are a popular college savings program. To get the maximum benefit, you need to begin sooner rather than later with these accounts. Anyone can set up a plan at any time, regardless...
Trusts for Your Grandkids

Trusts for Your Grandkids

[vc_row][vc_column width=”1/1″][heading]Simple Kids’ Trusts vs. Lifetime Protection Trusts[/heading][vc_column_text]Simple kids’ trust might be a good option if you have a couple hundred thousand dollar estate with no life insurance and three children. But...