Using a Roth IRA as an Estate Planning Tool
A Roth IRA does not have to be used as just a retirement plan; it can also be a way to transfer assets tax-free to the next generation. Unlike a traditional IRA, contributions to a Roth IRA are [...]
Three Estate Planning Options for Your Art Collection
Collecting art or other valuable items can be a passion for many people. Often such a pastime is more about enjoying the art or the medium itself than about ensuring financial gain. However, once [...]
How to Deal with an Estranged Child in Your Estate Plan
Unfortunately, not all families get along. If you are having problems with one of your children, you may not want them to benefit from your estate. There are several strategies for dealing with [...]
Can My Family Inherit My Season Tickets?
Understanding Season Tickets as Part of Estate Planning A few days before I sat down to write this month’s column, I was at dinner with my daughter and son-in-law, when the latter excitedly [...]
If You Don’t Want an IRA Distribution, You Can Donate It to Charity
Not everyone wants to take the required minimum distributions from their retirement accounts right away. If you don’t want your distribution, one option is to donate it to charity and get a tax [...]