Estate planning

Supreme Court – Beneficiary Residency Alone Is Insufficient Basis for State Trust Taxation.

Topics: Estate planning, Grantor trusts, Trusts

The WRMarketplace is created exclusively for AALU members by experts at Baker Hostetler LLP and the AALU staff, led by Jonathan M. Forster, Partner, Rebecca S. Manicone, Partner, and Carmela T. Montesano, Partner. WR Marketplace #19-13 was written by Edward J. Beckwith, Partner, and Jennifer M. Smith, Counsel, Baker Hostetler LLP. The AALU WR…

IRS Ruling on ILITs, Helping Aging Clients, Trustee Duties, IRS Expands EPCRS Program, and More

Topics: COLI/BOLI, Estate planning, NQDC, Tax reform, Trusts

May 23, 2019 WRMarketplace: The IRS Expands EPCRS Self-Correction Program To Cover Plan Loan Failures and Certain Other Operational and Plan Document Failures The IRS’s recently issued 2019 Employee Plans Compliance Resolution System (EPCRS) update makes common plan failures simpler and less costly to correct. Particularly for smaller plans that may have found the new…

Comparing Retirement Income Strategies, SCOTUS Case on State Taxation of Trusts, Section 1035 E

Topics: 401(k), Estate planning, IRS, Qualified Plans, Regulation, Retirement security, Trusts

April 25, 2019 Wealth Transfer U.S. Supreme Court Hears Case on States’ Ability to Tax Trust Income A case with significant implications for States’ ability to tax trust income was before the U.S. Supreme Court on April 16, when oral arguments were heard in the case of North Carolina Department of Revenue v. Kimberly Rice...

Spousal Lifetime Access Trusts (SLATs) and Divorce – What You Don’t Know….

Topics: Estate planning, Spousal Lifetime Access Trusts, Trusts

The SLAT, a lifetime irrevocable trust created for the benefit of the donor’s spouse, arguably allows the donor to indirectly benefit from the trust assets (through distributions to the spouse) should the need arise. A subsequent divorce, however, typically results in the loss of this indirect benefit for the donor, although he or she may…

ABCs of Structured Annuities, Risks + Rewards of Roth IRAs Under TCJA, Avoiding RMD Tax-Time Surprise, and More

Topics: Annuities, Estate planning, Life insurance products, RMDs, Trusts

March 29, 2019 Assets Under Management The ABCs of Structured Annuities Structured annuities are a relatively new annuity construction that are similar to structured notes, but offer the potential for tax-deferred growth. In this Think Advisor piece, Scott Stolz explains how structured annuities compare to other annuities as well as the pros and cons of…

A Few Select Insights from the 2019 Heckerling Institute on Estate Planning.

Topics: Estate planning, Estate tax, GST, Nongrantor trusts, Trusts

The WRMarketplace is created exclusively for AALU members by experts at Baker Hostetler LLP and the AALU staff, led by Jonathan M. Forster, Partner, Rebecca S. Manicone, Partner, and Carmela T. Montesano, Partner. WR Marketplace #19-05 was written by Edward J. Beckwith, Partner, and Jennifer M. Smith, Counsel, Baker Hostetler LLP. The AALU WR Newswire…

Shifting Gears? Rising Rates and Legacy Planning.

Topics: Charitable giving, Charitable remainder trust, Estate planning

The WRMarketplace is created exclusively for AALU members by experts at Baker Hostetler LLP and the AALU staff, led by Jonathan M. Forster, Partner, Rebecca S. Manicone, Partner, and Carmela T. Montesano, Partner. WR Marketplace #19-03 was written by Edward J. Beckwith, Partner, and Jennifer M. Smith, Counsel, Baker Hostetler LLP. The AALU WR Newswire…