Trusts and Estates
Learn which trust is best for which clients, the tax benefits of different estate planning strategies and how to transfer wealth responsibly, as well as estate planning techniques that benefit families with special needs
Should the 'Step Up' in Basis for Inherited Assets Be Limited?
By Robert Bloink | William H. ByrnesTwo professors debate President Biden's proposal to change rules allowing heirs to sell assets without paying capital gains taxes.
April 27, 2021
Biden Aims to End 'Step Up in Basis' Benefit for EstatesTax package will end an inheritor-friendly policy, bump up the top income tax rate and fund more IRS audits.
April 27, 2021
Mallouk: Capital Gains Tax Hike Could 'Devastate' Hedge Funds, Boost DAFsMallouk and other leaders of advisory firms told ThinkAdvisor how the proposal could affect client portfolios and estate plans.
April 26, 2021
IRS to Fix Inherited IRA Guidance That Confused AdvisorsThose who inherited an IRA in 2020 should wait for more guidance from the agency before taking a 2021 RMD, Ed Slott says.
April 22, 2021
Biden Eyeing Tax Rate as High as 43.4% in Next Economic PackageFor many wealthy individuals, the new marginal capital gains tax rate would be a steep increase from the current base rate of 20%.
April 21, 2021
8 Trusts That Can Help Reduce Estate TaxesIf proposals from President Biden and Sen. Bernie Sanders come to pass, demand for these trusts could rise dramatically.
April 21, 2021
Avoiding an Inherited IRA Tax Time Bomb Under the Secure ActWithout proper planning, the tax consequences of the new "10-year rule" for emptying inherited IRAs can be serious.
April 02, 2021
What Biden's $2T Infrastructure Plan Means for TaxesAlong with higher tax rates on corporations, Biden will focus on high-income earners to help fund the plan, attorneys say.