SECURE Act Proposed Regulations: Key Highlights for Estate Planners

By WealthCounsel Staff on Jun 22, 2022 1:34:27 PM


While the SECURE (Setting Every Community Up for Retirement Enhancement) Act became law in late 2019, the Internal Revenue Service has only recently proposed how to implement it. The 275 pages of regulations have not yet been finalized, but their publication affects many estate planning clients.  These rules are a moving target, so it is important to learn about them from the source rather than relying on the expertise of custodians or financial advisors.

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Top 5 Tax Questions About Powers of Appointment, Answered

By WealthCounsel Staff on Feb 4, 2022 10:00:00 AM


Powers of appointment are useful estate planning tools that allow the grantor of the power to choose someone they trust to instruct the fiduciary in control of the assets to redirect the distribution of the assets from their estate or trust. This distribution can take place many years after the grantor’s death.

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10 Strategies to Reduce the Value of a Client’s Estate

By WealthCounsel Staff on Jan 28, 2022 10:00:00 AM


Clients want their estates to grow until it is tax time—when they want to give the Internal Revenue Service as small a target as possible. While the federal wealth transfer tax exemptions run into the millions of dollars, some clients’ estates exceed these amounts and result in large estate tax bills. Fortunately, several methods are available to reduce the amount of a client’s estate for tax purposes. Here are ten strategies to limit your client’s exposure.

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