Monthly Archives: January 2014
Retirement Account Beneficiary Designations
One of the most common estate planning mistakes is failing to properly consider and execute beneficiary designation forms for all IRA’s and 401(k)’s. Errors and oversights in beneficiary forms can lead to unintended consequences, including disinheriting intended beneficiaries and limiting income tax deferral options for beneficiaries. In a recent article, Forbes contributor Deborah L…. Read More »
2014 Estate Tax Summary
Happy New Year! I wrote a summary of the 2013 Estate Tax Essentials last year. 2013 saw some major changes to estate and gift taxes. The adjustments for 2014, however, are only minor automatic inflation adjustments. The federal estate, gift and GST tax exemption rose from $5.25 million to $5.34 million. Here is an… Read More »